This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/scotland/8462673.stm
The article has changed 8 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| New job for ex-RBS chief Sir Fred | New job for ex-RBS chief Sir Fred |
| (about 12 hours later) | |
| Former RBS chief executive Sir Fred Goodwin is to become an advisor to the architecture and engineering firm RMJM. | |
| The consultancy role will be his first job since leaving RBS 15 months ago. | The consultancy role will be his first job since leaving RBS 15 months ago. |
| RMJM claims to be one of the world's biggest architectural practices. It is best known in Scotland for its role in the Scottish Parliament's construction. | RMJM claims to be one of the world's biggest architectural practices. It is best known in Scotland for its role in the Scottish Parliament's construction. |
| A spokesman for the controversial former bank boss confirmed his new post at the Edinburgh-based firm, but said Sir Fred did not wish to comment. | A spokesman for the controversial former bank boss confirmed his new post at the Edinburgh-based firm, but said Sir Fred did not wish to comment. |
| Sir Fred was in charge at the bank for nine years and steered it from being a bit-part player to one of the top five in the world. | Sir Fred was in charge at the bank for nine years and steered it from being a bit-part player to one of the top five in the world. |
| Huge outcry | Huge outcry |
| He built up the bank with numerous acquisitions but the wheels started to come off when RBS bought the Dutch bank ABN Amro at the height of the boom in 2007. | He built up the bank with numerous acquisitions but the wheels started to come off when RBS bought the Dutch bank ABN Amro at the height of the boom in 2007. |
| RBS almost collapsed the following year due to a combination of the credit crunch, bad debts and the weight of the debt from ABN Amro. | RBS almost collapsed the following year due to a combination of the credit crunch, bad debts and the weight of the debt from ABN Amro. |
| Sir Fred and RBS chairman Sir Tom McKillop stood down in October of that year, after the government was forced to bail out the bank. | Sir Fred and RBS chairman Sir Tom McKillop stood down in October of that year, after the government was forced to bail out the bank. |
| There was a huge public outcry over Sir Fred's £703,000 pension, which he later reduced to £342,500 a year. | There was a huge public outcry over Sir Fred's £703,000 pension, which he later reduced to £342,500 a year. |
| The bank is now 84%-owned by the taxpayer. | The bank is now 84%-owned by the taxpayer. |
| It is understood Sir Fred will work with RMJM as a consultant on its international strategy. | It is understood Sir Fred will work with RMJM as a consultant on its international strategy. |