Royal Bank of Scotland Excesses

Excesses appear to a the hallmark of the failed bank, a prime example of the RBS’s excesses came to be symbolised by the comically expensive# £335m new campus on the outskirts of Edinburgh, the construction of which Sir Fred Goodwin is understood to have supervised personally in 2005.

The final excess is the gifting a pension of £703,000 to Sir Fred Goodwin. This pension is likely to go down in history to be the worst example of reward for abject failure, which is considered by many of the public to have been nodded and winked through by the RBS Board and Gordon Browns appointee Lord Myners.

# FT.com/ Alphaville Paul Murphy Apr 18 09:07