Reward for failure, Fred Goodwin and RNJM

LONDON, ENGLAND - (FILE) Sir Fred Goodwin, t...Image by Getty Images via Daylife

It seems that Fred ‘the shred’ Goodwin has found himself a new job. Apparently he’s been taken on by RNJM as a consultant.

Fred Goodwin was, of course the banker who ran up a £28 billion debt at RBS in 2008, the biggest loss in UK corporate history.

If I was a shareholder at RNJM I would be worried, very worried.

Still, this is Britain, where failure commands rewards.

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