Royal Bank of Scotland (RBS) shareholders have reacted with anger to the appointment of former CEO Fred Goodwin as an adviser to an architectural firm.
The infamous banker - dubbed "Fred the Shred" - left RBS in September 2008 with a controversial pension pot after steering the bank to near collapse at the height of the financial crisis.
But before Christmas, Goodwin was appointed senior adviser to Scottish architectural firm RMJM - his first appointment since his acrimonious exit from RBS. The firm was involved in the construction of the Scottish Parliament building.
Members of the RBS Shareholder Action Group, which is fighting a legal battle against RBS for its rights issue in May 2008, have reacted with anger at the appointment. They say it is unfair Goodwin has landed a job when others face unemployment in a recession the banking industry was responsible for.
Goodwin, who will be based in Edinburgh, will not be on the RMJM board and his pay packet is unknown.
He led RBS for nine years, during which time the bank became a leading player in the global banking industry. But problems started with the acquisition of ABN AMRO in 2007 and the bank is now now 83% controlled by the UK Government.
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