| Abigail’s biography |
Why has Fred the Shred not been shredded? Sir Fred Goodwin, chief executive of Royal Bank of Scotland, still has a job despite several misjudgements. Other bank chief executives have had the grace to exit rapidly so why is FG (‘Frankly, get on with it’) still clinging to power by his toenails? Will it take an earth-mover to remove him?
The facts are well rehearsed. Fred, who gained the “shred”moniker because of his cost-cutting prowess, bid for anaemic ABN Amro at the absolute peak of the cycle for financial assets.
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