Royal Bank of Scotland former CEO's home vandalized

Posted Mar 26th 2009 5:00PM by Zac Bissonnette
Filed under: Scandals

Former Royal Bank of Scotland CEO Fred Goodwin's Edinburgh home was attacked by vandals. Windows were smashed, but no one was hurt because Mr. Goodwin and his family were traveling. A group claiming responsibility for the attack issued a statement saying that "We are angry that rich people, like him, are paying themselves a huge amount of money and living in luxury, while ordinary people are made unemployed, destitute and homeless. . . Bank bosses should be jailed. This is just the beginning."

Mr. Goodwin has become a symbol of the greed and excess that led to the demise of the financial services industry in Europe -- much the same way the people like Angelo Mozilo and Chuck Prince are vilified in the United States. Adding to Goodwin's bad reputation is has arrogant demeanor, which is completely unjustified given that he was pushed out in the wake of a $34.6 billion loss -- and then refused to give up his pension.

Of course no one deserves to have their home attacked by vandals but let's be honest: If anyone did deserve such a fate, it might well be him. Watch the video below for more.

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Tags: Fred Goodwin, FredGoodwin, rbs

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Reader Comments (Page 1 of 1)

3-26-2009 @ 8:42PM

Donovan said...

Why is it, we are so far behind other countries. Americans just sit around and wait for change to happen. As opposed to making it happen.

3-27-2009 @ 5:01AM

steve opti said...

This is not the 'right' way of showing any 'opposition'. Totally unethical! One more thing you can note that US is the 'most affected' country, then why this?