Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 24 January 2012 [View all]Ghost Dog
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... Those who worked under Goodwin at RBS recall how Fred The Shred a nickname given for his habit of sacking staff and tearing underlings to pieces had a management style that could only be described as brutal. The RBS executive wing was the torture chamber where Goodwin would hold morning beatings at 9.30am each day.
Once divisional bosses had assembled, Goodwin would intimidate his executives. One said: Fred was never happy until hed found someone to belittle. His favourite phrase was, I think youre asleep at the wheel. Hed finish humiliating someone by saying, Thats life in the big city.
David Appleton, the former head of press at the bank, said: Fred had a very impressive intellect
but he used that to bully those around him. People were intimidated from speaking their own mind because they feared Freds reaction....
... Goodwins own lifestyle was far from forbidding. He surrounded himself with executive chefs and wine experts, while his £47million Falcon 900EX jet with the personalised registration RBSG (Royal Bank of Scotland Goodwin) was on permanent standby...
Read more: http://www.mirror.co.uk/news/top-stories/2011/12/12/fred-the-shred-goodwin-is-plotting-a-comeback-115875-23628590/#ixzz1kNTO26DP
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While many of his staff have lost their jobs because of his reckless financial behaviour - RBS has shed 16,000 jobs in a year, with another 3,700 cuts announced this week - Goodwin lives in hope of a return to the big time.
The expensive advisers he has hired even hinted he'd like to take over control of Formula 1 motor racing from Max Mosley, who was quitting, but were told it was 'too soon' for him to return to public life.
Instead, he is hoping that, as time passes, the fury over his greed will evaporate like a Scottish mist.
'His approach is to keep his head down, then start slowly doing some good deeds and picking things up from there,' one friend told me.
Read more: http://www.dailymail.co.uk/news/article-1227690/Oh-look-whos-Fred-The-Shred-Goodwin-returns-home-determined-rebuild-fortune.html#ixzz1kNVYz2eI