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Sir Fred Goodwin's home attacked

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The Edinburgh home of former Royal Bank of Scotland boss Sir Fred Goodwin has been attacked by vandals. Windows were smashed and a Mercedes S600 car parked in the driveway was vandalised. A grou… Read More
peodude Avatar
8y, 2m agoPosted 8 years, 2 months ago
The Edinburgh home of former Royal Bank of Scotland boss Sir Fred Goodwin has been attacked by vandals.

Windows were smashed and a Mercedes S600 car parked in the driveway was vandalised.

A group angry at bank executives' pay contacted a newspaper claiming to be behind the early morning attack.

Police said they were investigating these claims as part of their inquiry, adding that they took planned attacks "very seriously".

There has been widespread public and political anger over a pension payout worth about £700,000 a year to the 50-year-old former chief executive.

Sir Fred took early retirement from RBS last year after the bank needed a £20bn bailout from the government.
peodude Avatar
8y, 2m agoPosted 8 years, 2 months ago
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Comments/page:
#2
awwwwwwwwwww shame
#3
he will probably try and get some sort of criminal damage payout as well. A real pity NOT
banned#4
The silly thing is he'll probably now get around the clock protection. More cost to the tax payers.
#5
A group angry at bank executives' pay contacted a newspaper claiming to be behind the early morning attack.

The rest of the underpaid, overworked, tarred with the same brush as that clown, RBS workforce then :x

Bitter? Me? Probably :p
#6
Crazy large pension BUT, it was part of his contract of employment.

The media have been showing lots of pictures, tv clips, of his home. Wouldn't be too hard to find.

Jealousy is a terrible thing.
#7
BlasterLad
A group angry at bank executives' pay contacted a newspaper claiming to be behind the early morning attack.

The rest of the underpaid, overworked, tarred with the same brush as that clown, RBS workforce then :x

Bitter? Me? Probably :p


Yeh at the end of the day the guys get an over large pension for not controlling the managers below.

I'm sure he will be okay.

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#8
People have a right to feel safe in their home, shame on people for trying to remove that, regardless of their opinions of the man.
#9
http://fc01.deviantart.com/fs14/i/2007/055/f/a/Angry_Mob_by_Acwraith.jpg
#10
pghstochaj
People have a right to feel safe in their home, shame on people for trying to remove that, regardless of their opinions of the man.


I agree, he has two young children and they don't deserve to have their home windows smashed in at 4am.

None of the family were at home at the time.

Two wrongs don't make right remember.
#11
pghstochaj
People have a right to feel safe in their home, shame on people for trying to remove that, regardless of their opinions of the man.


Even though it is hard to find sympathy, i suppose one must sympathise. His attitude towards the pension however, is wrong, effectively saying "so what it's all mine hahahaha" Offering just 10% of it, at 6m, would have brought him closer to the public.
#12
peodude
Even though it is hard to find sympathy, i suppose one must sympathise. His attitude towards the pension however, is wrong, effectively saying "so what it's all mine hahahaha" Offering just 10% of it, at 6m, would have brought him closer to the public.



Not sure I agree, I do well for myself and I would have a similar problems with people trying to take away my money that I had arranged for my pension.
banned#13
pghstochaj
People have a right to feel safe in their home, shame on people for trying to remove that,


Are you talking about the people whose life savings were wiped out as a direct result of this man's actions?
#14
Investments can go down as well as up, as the saying goes.
1 Like #15
FilthAndFurry
Are you talking about the people whose life savings were wiped out as a direct result of this man's actions?


Direct result? It's business, he did not set out to lose his company vast sums of money.

What life savings were wiped out by his actions?
banned#16
Shambolic
Investments can go down as well as up, as the saying goes.


That's different from the share issue scheme they offered.
banned#17
pghstochaj
Direct result? It's business, he did not set out to lose his company vast sums of money.

What life savings were wiped out by his actions?


Some of the people who are part of the class action lawsuit being brought against RBS.
#18
FilthAndFurry
Some of the people who are part of the class action lawsuit being brought against RBS.


As ever, shares can go down as well as up. It will take a long time to work out if any banks acted illegally, until then, innocent until proven otherwise.
banned#19
pghstochaj
As ever, shares can go down as well as up. It will take a long time to work out if any banks acted illegally, until then, innocent until proven otherwise.


Good thing that's not what the case is about then.
#20
im finding it hard to feel sympathy for him
#21
What, they smashed a couple of windows? Come on. I'll show you where he is on Google Maps if anyone fancies doing the job properly.
#22
FilthAndFurry
Good thing that's not what the case is about then.


The case is about just that, whether the bank acted illegally through misleading investors.

The RBS class action
-
The complaint charges RBS, and certain directors and officers of the bank, with violations of the Securities Exchange Act of 1934 and the Securities Act of 1933.

On May 11, 2008, Times Online reported that the SEC was investigating RBS over its exposure to American sub-prime mortgages.

On October 7, 2008, news began to emerge that the British government was holding talks with major banks, including RBS, concerning the possibility of government funding.

On November 28, 2008, RBS announced that the government would take majority control of the bank.

In December 2008, it was revealed that RBS had lost half a billion dollars in the Madoff scandal.

On January 19, 2009, RBS announced that it expected to lose approximately £28bn in 2008--the biggest loss in British corporate history--in large part due to the write-off of goodwill associated with the ABN deal.

Thereafter, as the truth regarding the Company's deteriorating financial results began to emerge, the prices of RBS's publicly traded securities declined significantly.
banned#23
It's about them misleading shareholders in the run up to the rights issue which isn't what you said, which is why I corrected you.

Cool.
#24
FilthAndFurry
It's about them misleading shareholders in the run up to the rights issue which isn't what you said, which is why I corrected you.

Cool.


I said:

It will take a long time to work out if any banks acted illegally


I assume you misunderstood. You haven't correct anything, just added detail.

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