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Topic: Fred Goodwin

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World News // 1 decade ago

Former RBS chief loses knighthood

Sir Fred Goodwin, former head of the Royal Bank of Scotland, became plain Mr. Goodwin when his knighthood was taken away Tuesday.

Business News // 1 decade ago

Britain to keep super mum about Goodwin

The British government has agreed to keep super mum about its dealings with Fred Goodwin, former head of RBS bank, a liberal member of Parliament said.

Business News // 1 decade ago

Shamed RBS exec to return half his pension

Shamed former Royal Bank of Scotland head Fred Goodwin said he would return half his lavish pension plan to pave the way for a move back to Britain.

Business News // 1 decade ago

RBS job cuts provokes angry responses

The Royal Bank of Scotland said it would cut an additional 9,000 jobs, renewing anger over its former chief executive's pension plan and government oversight.

Business News // 1 decade ago

Shareholders press Goodwin on pension pay

Angry shareholders gathered for a Royal Bank of Scotland shareholders' meeting Friday prepared to vote no on the bank's controversial remuneration report.

Top News // 1 decade ago

Former RBS chief's home vandalized

Vandals attacked the Edinburgh home of Fred Goodwin, the former chief executive of Royal Bank of Scotland, police said Wednesday.

Business News // 1 decade ago

Government approved pension, exec says

Former Royal Bank of Scotland executive Fred Goodwin said British Financial Services Secretary Paul Myners approved his $1 million annual pension pay.

Business News // 1 decade ago

Britain asks RBS exec to cut pension pay

British Chancellor of the Exchequer Alistair Darling Thursday said a former Royal Bank of Scotland executive should return some of his pension pay.

Sir Frederick Anderson Goodwin CA, FCIBS, (born 17 August 1958) is a chartered accountant and banker, who was formerly chief executive of the Royal Bank of Scotland (RBS).

From 2000 until 2008 he presided over RBS's rapid rise to global prominence as the world's largest company (by assets - £1.9trn), and fifth-largest bank by stock market value and its even more rapid fall as RBS was forced into effective nationalisation in 2008.

On October 11, 2008, Goodwin officially announced his resignation as Chief Executive and an early retirement, effective from January 31, 2009 - a month before RBS announced that its 2008 loss totalled £24.1bn, the largest annual loss in UK corporate history. Following the February 2009 disclosure of his approximately £700,000 per year pension award from RBS he was the subject of widespread public, political and media criticism.

FULL ARTICLE AT WIKIPEDIA.ORG

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It uses material from the Wikipedia article "Fred Goodwin."