Shredding the rulebook

When RBS required massive handouts from the state Sir Fred Goodwin’s position on the board was untenable.  See previous post.

He departed with a big pay-off, which is the solution to many a boardroom dispute.  The size of the pay-off (which included a reported £8m addition to a pension pot which would pay him £640k a year from the age of 50) has caused public outrage and the government looks set to tear up the rulebook in a way which should worry everybody.

Read more »

RBS - gloves off in the boardoom

 As discussed in previous posts - as a general rule directors and shareholders pull together in times of crisis and boardroom disputes or shareholder disputes are put on the back-burner.  RBS are bucking the trend with what looks like a full blown boardroom dispute brewing up.

Read more »