Fred "the shred" was stripped of his
knighthood last year as public anger over his role in causing the
financial crisis reached boiling point. Goodwin, who has been dubbed "the
world's worst banker", brought Royal Bank of Scotland to its knees via a
series of over-ambitious acquisitions. A string of 20 takeovers transformed RBS
into a global leader but Goodwin wasn't satisfied and just before the financial
crisis struck he led a $100bn takeover of Dutch bank ABN Amro.
RBS went on to record the biggest annual loss in UK
corporate history and had to be bailed out by the government to the tune of
£45.5bn. It is now 82%-owned by the state.
Goodwin hit the headlines again recently when he was
blamed for a crisis at Scotland's biggest architecture firm, RMJM, where he was
an adviser. About 80 staff left the firm after a battle over unpaid fees.
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