LONDON — Vandals attacked the home of former Royal Bank of Scotland chief Fred Goodwin early Wednesday, smashing windows at the house of the ex-CEO whose $1.2 million annual pension has prompted public outrage. A hole was smashed in the rear windshield of a Mercedes-Benz S600 parked in the driveway.
Goodwin resigned as chief executive last year as RBS ran into severe difficulties and had to be propped up by the British government. Last month, RBS reported a loss of more than $35 billion in 2008, the largest annual loss in British corporate history.
Dubbed “Fred the Shred” for his ruthless cost- cutting, Goodwin rejected government pressure to accept a reduction in his early-retirement deal. Government officials said they were trying to challenge his pension contract in court but haven’t announced any action.
