Fred Goodwin ‘micro-managing control freak’

Fred Goodwin. Picture: Ian Rutherford
Fred Goodwin. Picture: Ian Rutherford
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DESPITE the pressures of running a global financied institution, former Royal Bank of Scotland boss Fred Goodwin was “fixated” with trifles like the design of company Christmas cards, a new book claims.

The man dubbed ‘Fred the Shred’ was a micro-managing control freak who also banned Sellotape and ordered company cars to be the correct shade of blue, says former Scotsman editor Iain Martin in his book, Making it Happen: Fred Goodwin, RBS and the Men who Blew up the Economy.

It claims Goodwin was obsessed with cleanliness and spent ‘hours in meetings’ poring over colours used in advertising campaigns, but had “very little interest” in the normal role of a bank chief.

One rant against papers left on filing cabinets led to an order for all cabinets to have dome-shaped tops.