http://bankimplode.com/blog/2008/05/14/rbs-not-right/ Wed, 23 Sep 2009 21:43:37 -0400 http://wordpress.org/?v=2.8.1 hourly 1 http://bankimplode.com/blog/2008/05/14/rbs-not-right/comment-page-1/#comment-1248 Bank-Implode! » Royal Bank of Scotland -$41.7B Tue, 14 Oct 2008 19:18:14 +0000 http://bankimplode.com/blog/?p=171#comment-1248 [...] Goodwin told you so himself when he said he “had to go some time.” Going is what usually happens to a CEO after a second fund raising. It would be nice to think that being forced out was the price he paid for his ill-timed takeover of parts of ABN AMRO last year, but the reality is that he was paid the price for the ill-timed acquisition. We entioned this before. [...] [...] Goodwin told you so himself when he said he “had to go some time.” Going is what usually happens to a CEO after a second fund raising. It would be nice to think that being forced out was the price he paid for his ill-timed takeover of parts of ABN AMRO last year, but the reality is that he was paid the price for the ill-timed acquisition. We entioned this before. [...]

]]> http://bankimplode.com/blog/2008/05/14/rbs-not-right/comment-page-1/#comment-1246 Bank-Implode! » Royal Bank of Scotland Implodes Tue, 14 Oct 2008 00:40:58 +0000 http://bankimplode.com/blog/?p=171#comment-1246 [...] Well it’s more like after striking as many deals as he could. After all new capitalist model is burn the rockets at both ends for as long as the fuel holds out and the ship holds up, take as much as you can while you can, leaving the bank to crash and burn after you got yours and got out. Goodwin tells you so himself, when he said he “had to go some time”, and going is what usually happens to a CEO after a second fund raising. It would be nice to think that being forced out was the paid the price for his ill-timed takeover of parts of ABN AMRO last year, but the reality is that he was paid the price for the ill-time of ABN AMRO acquisition as well as his other ills. We mentioned this before. [...] [...] Well it’s more like after striking as many deals as he could. After all new capitalist model is burn the rockets at both ends for as long as the fuel holds out and the ship holds up, take as much as you can while you can, leaving the bank to crash and burn after you got yours and got out. Goodwin tells you so himself, when he said he “had to go some time”, and going is what usually happens to a CEO after a second fund raising. It would be nice to think that being forced out was the paid the price for his ill-timed takeover of parts of ABN AMRO last year, but the reality is that he was paid the price for the ill-time of ABN AMRO acquisition as well as his other ills. We mentioned this before. [...]

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