GOODWIN DREAMS OF COMEBACK ROLE
SIR Fred Goodwin will start his hunt for a new business role when he returns to his £3m Edinburgh home later this month, City PM can reveal.
The disgraced former Royal Bank of Scotland chief executive is looking at re-entering the charity sector, after his six-year tenure as chairman of the Prince’s Trust came to an end last month.
“He knows he wouldn’t be on everyone’s wish list at the moment for an executive position, but he just wants to get back into society,” said a friend.
The friend added: “He enjoyed his Prince’s Trust work very much and so would be very interested in something along similar lines.”
Goodwin plans to come back to Scotland so that his children can go back to school in time for the start of term.
Nicknamed “Fred the Shred” for his hard-line approach to cost-cutting, Goodwin has barely shown his face in public since he resigned last year from RBS, which was forced to accept a £20bn government bailout to save it from going under after its former chief’s aggressive expansionary strategy pushed it deep into the red.
His house was later attacked by vandals protesting against his £703,000-a-year RBS pension pot, part of which he has since surrendered.
RBS last week posted a £1bn first-half loss, though this was significantly ahead of its record £24bn loss for the whole of 2008.