Reward for failure, Fred Goodwin and RNJM
Image by Getty Images via Daylife It seems that Fred 'the shred' Goodwin has found himself a new job. Apparently he's been taken on by RNJM as a consultant. Fred Goodwin was, of course the banker who ran up a £28 billion debt at RBS in 2008, the biggest loss in UK corporate history. If I was a shareholder at RNJM I would be worried, very worried. Still, this is Britain, where failure commands rewards. Related articles by Zemanta RBS Pension Cap 'Body Blow' To Staff (news.sky.com) RBS set to cut pension benefits (news.bbc.co.uk) RBS chief Stephen Hester says there is no 'miracle cure' as bank slumps to £1bn loss (telegraph.co.uk)