Nothing like sensationalist news headlines, and nothing like our very own News of the World who went on the hunt for Fred Goodwin … and found him!
Yep, hiding in the Cote d'Azur hills near Cannes in the South of France.
In typical Sunday splash style, they rename Fred the Shred, Fred the Fled, and add that "the man dubbed the World's Worst Banker – who refused to
give up his £703,000-a-year pension – is enjoying his new life in the sun
with his pampered wife and two children so much that he's NOT COMING BACK."
Hmmm … I wonder what they had to say about similarly failed CEO Andy Hornby of HBOS who has now moved to Boots?
Unsurprisingly, this is far too upmarket thinking for the NOTW to make a comment but sister-newspaper The Times, which is owned by the very same Rupert Mordoch's News Corporation, have an editorial by business lead David Wighton, who says:
"Mr Hornby has been far more contrite and far more willing to
accept criticism for his running of HBOS than, say, Sir Fred Goodwin at
RBS. Neither was the collapse of HBOS entirely Mr Hornby’s fault,
although he rightly accepts reponsibility … it is not as
if Britain’s boardrooms are so overflowing with talent that executives
with experience such as Mr Hornby’s — particularly, perhaps, his
experience at HBOS — can easily be ignored."
Mesense double standards.