1409:
115:
1419:
531:
Regarding the ÂŁ703,000 retirement payment awarded to Fred in addition to Fred's ÂŁ4 million pound salary, Tom wrote: "I must emphasise that there was no 'elaborate ruse' by myself and Mr Scott to give Sir Fred any more than he was contractually entitled to and that we and, I believe, all the directors
157:
However, following a shareholder crisis meeting in the midst of a $ 12bn rights issue, McKillop was criticized for "re-arranging the cosy deck-chairs on the sinking titanic", and
Goodwin was criticised by RBS shareholders for selling shares at half the price of the shareholder's given value. Having
77:
in 1969 after post-doctoral research work in Paris. He moved to ICI Pharmaceuticals
Division in 1975 and, having held a number of positions in research, in 1989 he was appointed technical director of ICI with international responsibilities for research, development and production.
149:
From the time that
Goodwin took over as chief executive until 2007, RBS's assets quadrupled, its cost-to-income ratio improved markedly, and its profits soared. In 2006 pre-tax profits climbed 16% to ÂŁ9.2 billion with most of the growth coming from its
162:
analyst James Eden (who said he thought the label was 'unwarranted'). After the Bank of China deal, he was forced to promise RBS shareholders he would not indulge in any further big acquisitions and focus instead on growing the group organically.
145:
for €71 billion, while ABN transpired to be worth only half of that. RBS Directors contracted that ABN could keep its collection of priceless art assets as part of the deal. In 2008 RBS also lent $ 9.3bn, more than double its nearest rival.
225:
due to the freezing of the wholesale money markets, the deal proved the final straw for RBS, as it severely weakened its balance sheet not only through the size of the acquisition but due to ABN AMRO's substantial exposure to the US
133:
On 13 October 2008, British Prime
Minister Gordon Brown announced a UK government bailout of ÂŁ45 billion of new capital into Royal Bank of Scotland. RBS has accrued a further debt of ÂŁ58 billion since 2008.
344:
94:. McKillop became chief executive officer (CEO) of the merged company. He retired from AstraZeneca on 1 January 2006, when David Brennan took over as AstraZeneca's CEO. McKillop became the chairman of the
158:
nearly trebled between
February 2000 and May 2002 the share price halved from 2006 to 2008. It had lost 95% of its value by 2009. Goodwin was accused of megalomania by some shareholders, as reported by
1508:
416:
532:
acted in what we judged to be the best interests of the shareholders, including the government." The shareholders were awarded ÂŁ200 million in compensation for their ÂŁ12 billion loss.
1498:
716:
206:, and ABN's wholesale operations; while Santander would take the Brazilian operations and Fortis would take the Dutch operations. In a manoeuvre "labelled in all quarters as a
1468:
1473:
1523:
535:
520:
1538:
1533:
1503:
1483:
1135:
190:, which was chaired by former RBS chairman Mathewson and recommended the takeover bid of an RBS consortium for €71 billion, against the proposed merger with
221:
began to develop, with
Barclays withdrawing its EUR61bn bid and ABN's shareholders endorsing the EUR71bn RBS takeover. Coming after the nationalisation of
202:, to purchase the assets of ABN AMRO and break them up in a three-way split. According to the proposed deal, RBS would take over ABN's Chicago operations,
233:
While at RBS, the value of the bank's shares fell below a quarter of their level in early 2007. Following criticism from the press for the takeover of
253:
on 10 February 2009, he admitted to having no qualifications in banking. Like the retired bankers present, he apologised for the bankruptcy for RBS.
424:
274:
34:
1320:
484:
585:
250:
1463:
1057:
505:
126:
McKillop then changed from chemistry to banking in 2006. He was chairman RBS from when it accrued a debt of ÂŁ45 billion, working with CEO
630:
1518:
699:
218:
1190:
1175:
561:
214:
for $ 21bn, but in July 2007 the consortium offered the same $ 98bn for ABN's remaining assets, with a higher cash component (93%).
179:
392:
787:
1290:
1024:
451:
90:, and in 1994 he was appointed chief executive officer of the new company. In April 1999, Zeneca merged with Astra to form
1513:
1478:
1363:
887:
292:
70:
1493:
708:
286:
1528:
914:
373:
304:
137:
By 2008 RBS was the fifth-largest bank in the world by market capitalisation. It rose while aggressively pursuing
1453:
1050:
960:
730:
246:
103:
20:
350:
909:
792:
745:
594:
280:
227:
1358:
467:
338:
207:
1422:
1488:
1448:
1394:
1310:
1305:
1200:
692:
332:
321:
298:
242:
95:
1265:
1130:
99:
66:
270:
2002 Knighted in the 2002 Queen's
Birthday honour's list for services to the pharmaceuticals industry.
1443:
1412:
1043:
765:
62:
582:
931:
926:
500:
446:
1458:
988:
943:
740:
159:
151:
536:"Treasury Select Committee: Bonfire of the bankers – Business Analysis & Features, Business"
677:
1150:
875:
685:
462:
138:
638:
1008:
735:
195:
183:
1280:
1120:
948:
863:
821:
797:
589:
479:
357:
211:
199:
1003:
608:
241:
having to bail out the bank, McKillop announced his early retirement as chairman of the
1090:
998:
904:
73:
Petrochemical & Polymer
Laboratory (later renamed the ICI Corporate Laboratory) at
58:
1437:
1145:
1100:
1080:
841:
836:
760:
755:
712:
238:
222:
191:
30:
663:
417:"The rise and fall of 'Fred the Shred' – Business Analysis & Features, Business"
1335:
1325:
1255:
1165:
1115:
1110:
993:
892:
846:
831:
802:
782:
750:
203:
127:
119:
1330:
1285:
1275:
1270:
1250:
1245:
1230:
1225:
1210:
1180:
1140:
1095:
1085:
1066:
777:
91:
38:
141:
which include debt transferral of acquired companies; for example RBS acquired
114:
1315:
1300:
1260:
1240:
1220:
1205:
1160:
1155:
1125:
983:
325:
175:
171:
1368:
1295:
1195:
1185:
1170:
826:
42:
966:
954:
937:
920:
898:
881:
869:
852:
815:
808:
771:
130:, who promoted aggressive expansion of the bank by acquiring other banks.
1353:
1235:
1215:
1105:
234:
167:
142:
54:
182:, to break itself up to maximise shareholder value. ABN chief executive
74:
562:"RSE Elects New Fellows for Outstanding Contribution to Scottish Life"
261:
Thomas married
Elizabeth Kettle in 1966. He also has 8 grandchildren.
1373:
87:
345:
European
Federation of Pharmaceutical Industries and Associations
69:, where he took a BSc (Hons) and PhD in chemistry. He joined the
1039:
681:
393:"RBS sale: Fred Goodwin, the ÂŁ45bn bailout and years of losses"
1035:
317:
37:(born 19 March 1943) is a Scottish chemist, who was CEO of
279:
June 2004 – awarded an honorary doctor of Sciences by the
194:
for €61 billion. Goodwin arranged a consortium of RBS,
186:
suspected RBS of acting in concert with the hedge fund
631:"Annual Review 2006 : People, Honours and Awards"
410:
408:
406:
210:" ABN AMRO agreed to sell key RBS target LaSalle to
1382:
1344:
1073:
1017:
976:
723:
1509:People associated with the University of Leicester
495:
493:
491:
86:In 1993, ICI Pharmaceuticals demerged to become
506:RBS on brink of declaring victory in ABN battle
1499:Businesspeople in the pharmaceutical industry
1051:
693:
8:
1136:Budesonide/glycopyrronium bromide/formoterol
102:, was professor of organic chemistry at the
19:For the Scottish footballer, born 1917, see
217:The deal was struck in October 2007 as the
1058:
1044:
1036:
700:
686:
678:
598:, 15 April 2004, accessed 19 January 2011.
1469:Fellows of the Royal Society of Edinburgh
41:from 1999 until 2006 and chairman of the
275:Fellow of the Royal Society of Edinburgh
245:on 13 October 2008. At a meeting of the
113:
1474:People educated at Irvine Royal Academy
384:
166:However, in early 2007, the Dutch bank
1524:Scottish chairpersons of corporations
7:
1539:21st-century Scottish businesspeople
1534:20th-century Scottish businesspeople
1418:
1504:Imperial Chemical Industries people
1484:Alumni of the University of Glasgow
521:Timeline of the battle for ABN AMRO
118:Royal Bank of Scotland's office in
534:Farrell, Sean (11 February 2009).
14:
1191:Glycopyrronium bromide/formoterol
609:"Fellowship of the Royal Society"
415:Arnott, Sarah (14 October 2008).
27:Sir Thomas Fulton Wilson McKillop
1417:
1408:
1407:
1291:Sodium zirconium cyclosilicate
363:Board of Administration Evolva
1:
1364:Cambridge Antibody Technology
297:2006 Honorary Doctorate from
291:2005 Annual Centenary Medal,
1464:Fellows of the Royal Society
888:John Richard Anthony Pearson
293:Society of Chemical Industry
198:and former RBS shareholders
967:Ernest Marshall Wright
328:Group plc from 1999 to 2004
287:Fellow of the Royal Society
1555:
374:The Royal Bank of Scotland
351:North West Science Council
316:Non-executive director of
305:Royal Society of Edinburgh
18:
1519:Scottish chief executives
1403:
816:Philip Richard Evans
247:Treasury Select Committee
104:University of East Anglia
21:Tom McKillop (footballer)
595:University of St Andrews
423:. London. Archived from
303:2007 Royal Medal of the
281:University of St Andrews
228:subprime mortgage crisis
170:was under pressure from
1359:Alexion Pharmaceuticals
938:Daniel St Johnston
899:Nicholas Proudfoot
870:Roger Ervin Miller
468:Goodwin's Turning Point
339:University of Leicester
219:global liquidity crisis
1311:Trastuzumab deruxtecan
1306:Tixagevimab/cilgavimab
1201:Isosorbide mononitrate
921:Peter John Sadler
450:blog, 7 January 2009,
343:Vice-president of the
337:Pro-chancellor of the
322:non-executive director
299:Heriot-Watt University
243:Royal Bank of Scotland
123:
96:Royal Bank of Scotland
45:from 2006 until 2008.
1266:Salbutamol/budesonide
1131:Budesonide/formoterol
583:Honorary Degrees 2004
117:
61:. He was educated at
57:, a small village in
53:McKillop was born in
1514:NatWest Group people
1479:People from Dreghorn
798:Julian Downward
766:Deborah Charlesworth
588:21 June 2012 at the
333:British Pharma Group
98:(RBS). His brother,
63:Irvine Royal Academy
932:David Spiegelhalter
927:Christopher Snowden
853:Thomas Masters
501:The Daily Telegraph
466:, 17 November 2005
447:Wall Street Journal
427:on 22 November 2008
106:from 1970 to 1996.
1494:AstraZeneca people
1347:acquired companies
989:Catherine Cesarsky
944:Lloyd N. Trefethen
772:John Collinge
761:Luca Cardelli
741:Laurence D. Barron
504:, 9 October 2007,
178:of the hedge fund
160:Dresdner Kleinwort
152:investment banking
124:
100:Alexander McKillop
67:Glasgow University
1529:Scottish chemists
1431:
1430:
1151:Disufenton sodium
1033:
1032:
910:Douglas Ross
882:Ian Paterson
876:Michael J. Morgan
809:Robert Evans
746:Andrew Blake
483:, 5 August 2005,
463:The Sunday Herald
356:President of the
139:leveraged buyouts
1546:
1454:Knights Bachelor
1421:
1420:
1411:
1410:
1395:Louis Schweitzer
1345:Predecessors and
1060:
1053:
1046:
1037:
955:Colin Watts
778:Paul Corkum
736:Martin T. Barlow
702:
695:
688:
679:
674:
672:
670:
651:
650:
648:
646:
641:on 13 April 2016
637:. Archived from
627:
621:
620:
618:
616:
605:
599:
580:
574:
573:
571:
569:
558:
552:
551:
549:
547:
529:
523:
519:, 16 July 2007,
514:
508:
497:
486:
476:
470:
459:
453:
443:
437:
436:
434:
432:
412:
401:
400:
399:. 3 August 2015.
389:
349:Chairman of the
331:Chairman of the
320:, having been a
251:House of Commons
184:Rijkman Groenink
16:Scottish chemist
1554:
1553:
1549:
1548:
1547:
1545:
1544:
1543:
1434:
1433:
1432:
1427:
1399:
1378:
1346:
1340:
1281:Sebelipase alfa
1121:Brompheniramine
1069:
1064:
1034:
1029:
1025:Leonard Wolfson
1013:
972:
949:Richard S. Ward
864:Goverdhan Mehta
822:Alastair Fitter
719:
706:
668:
666:
662:
659:
654:
644:
642:
629:
628:
624:
614:
612:
611:. Royal Society
607:
606:
602:
590:Wayback Machine
581:
577:
567:
565:
560:
559:
555:
545:
543:
540:The Independent
533:
530:
526:
515:
511:
498:
489:
480:The Independent
477:
473:
460:
456:
444:
440:
430:
428:
421:The Independent
414:
413:
404:
391:
390:
386:
382:
370:
358:Science Council
313:
311:Other positions
267:
259:
212:Bank of America
200:Grupo Santander
112:
92:AstraZeneca PLC
84:
51:
39:AstraZeneca PLC
24:
17:
12:
11:
5:
1552:
1550:
1542:
1541:
1536:
1531:
1526:
1521:
1516:
1511:
1506:
1501:
1496:
1491:
1486:
1481:
1476:
1471:
1466:
1461:
1456:
1451:
1446:
1436:
1435:
1429:
1428:
1426:
1425:
1415:
1404:
1401:
1400:
1398:
1397:
1392:
1386:
1384:
1380:
1379:
1377:
1376:
1371:
1366:
1361:
1356:
1350:
1348:
1342:
1341:
1339:
1338:
1333:
1328:
1323:
1318:
1313:
1308:
1303:
1298:
1293:
1288:
1283:
1278:
1273:
1268:
1263:
1258:
1253:
1248:
1243:
1238:
1233:
1228:
1223:
1218:
1213:
1208:
1203:
1198:
1193:
1188:
1183:
1178:
1173:
1168:
1163:
1158:
1153:
1148:
1143:
1138:
1133:
1128:
1123:
1118:
1113:
1108:
1103:
1098:
1093:
1091:Andexanet alfa
1088:
1083:
1077:
1075:
1071:
1070:
1065:
1063:
1062:
1055:
1048:
1040:
1031:
1030:
1028:
1027:
1021:
1019:
1015:
1014:
1012:
1011:
1006:
1001:
999:Hartmut Michel
996:
991:
986:
980:
978:
974:
973:
971:
970:
963:
958:
951:
946:
941:
934:
929:
924:
917:
915:Philip Russell
912:
907:
905:Trevor Robbins
902:
895:
890:
885:
878:
873:
866:
861:
856:
849:
844:
839:
834:
829:
827:Uta Frith
824:
819:
812:
805:
800:
795:
790:
785:
780:
775:
768:
763:
758:
753:
748:
743:
738:
733:
727:
725:
721:
720:
707:
705:
704:
697:
690:
682:
676:
675:
658:
657:External links
655:
653:
652:
622:
600:
575:
553:
524:
509:
487:
471:
454:
438:
402:
383:
381:
378:
377:
376:
369:
366:
365:
364:
361:
360:(January 2007)
354:
347:
341:
335:
329:
312:
309:
308:
307:
301:
295:
289:
283:
277:
271:
266:
263:
258:
255:
111:
108:
83:
80:
59:North Ayrshire
50:
47:
15:
13:
10:
9:
6:
4:
3:
2:
1551:
1540:
1537:
1535:
1532:
1530:
1527:
1525:
1522:
1520:
1517:
1515:
1512:
1510:
1507:
1505:
1502:
1500:
1497:
1495:
1492:
1490:
1489:INSEAD alumni
1487:
1485:
1482:
1480:
1477:
1475:
1472:
1470:
1467:
1465:
1462:
1460:
1457:
1455:
1452:
1450:
1449:Living people
1447:
1445:
1442:
1441:
1439:
1424:
1416:
1414:
1406:
1405:
1402:
1396:
1393:
1391:
1388:
1387:
1385:
1381:
1375:
1372:
1370:
1367:
1365:
1362:
1360:
1357:
1355:
1352:
1351:
1349:
1343:
1337:
1334:
1332:
1329:
1327:
1324:
1322:
1319:
1317:
1314:
1312:
1309:
1307:
1304:
1302:
1299:
1297:
1294:
1292:
1289:
1287:
1284:
1282:
1279:
1277:
1274:
1272:
1269:
1267:
1264:
1262:
1259:
1257:
1254:
1252:
1249:
1247:
1244:
1242:
1239:
1237:
1234:
1232:
1229:
1227:
1224:
1222:
1219:
1217:
1214:
1212:
1209:
1207:
1204:
1202:
1199:
1197:
1194:
1192:
1189:
1187:
1184:
1182:
1179:
1177:
1174:
1172:
1169:
1167:
1164:
1162:
1159:
1157:
1154:
1152:
1149:
1147:
1146:Dapagliflozin
1144:
1142:
1139:
1137:
1134:
1132:
1129:
1127:
1124:
1122:
1119:
1117:
1114:
1112:
1109:
1107:
1104:
1102:
1101:Asfotase alfa
1099:
1097:
1094:
1092:
1089:
1087:
1084:
1082:
1081:Acalabrutinib
1079:
1078:
1076:
1072:
1068:
1061:
1056:
1054:
1049:
1047:
1042:
1041:
1038:
1026:
1023:
1022:
1020:
1016:
1010:
1009:Harold Varmus
1007:
1005:
1002:
1000:
997:
995:
992:
990:
987:
985:
982:
981:
979:
975:
969:
968:
964:
962:
961:John G. White
959:
957:
956:
952:
950:
947:
945:
942:
940:
939:
935:
933:
930:
928:
925:
923:
922:
918:
916:
913:
911:
908:
906:
903:
901:
900:
896:
894:
891:
889:
886:
884:
883:
879:
877:
874:
872:
871:
867:
865:
862:
860:
857:
855:
854:
850:
848:
845:
843:
842:Brian Kennett
840:
838:
837:Douglas Higgs
835:
833:
830:
828:
825:
823:
820:
818:
817:
813:
811:
810:
806:
804:
801:
799:
796:
794:
791:
789:
786:
784:
781:
779:
776:
774:
773:
769:
767:
764:
762:
759:
757:
756:Stephen Busby
754:
752:
749:
747:
744:
742:
739:
737:
734:
732:
729:
728:
726:
722:
718:
714:
713:Royal Society
710:
703:
698:
696:
691:
689:
684:
683:
680:
665:
664:"AstraZeneca"
661:
660:
656:
640:
636:
635:www1.hw.ac.uk
632:
626:
623:
610:
604:
601:
597:
596:
591:
587:
584:
579:
576:
563:
557:
554:
541:
537:
528:
525:
522:
518:
513:
510:
507:
503:
502:
496:
494:
492:
488:
485:
482:
481:
475:
472:
469:
465:
464:
458:
455:
452:
449:
448:
442:
439:
426:
422:
418:
411:
409:
407:
403:
398:
394:
388:
385:
379:
375:
372:
371:
367:
362:
359:
355:
352:
348:
346:
342:
340:
336:
334:
330:
327:
323:
319:
315:
314:
310:
306:
302:
300:
296:
294:
290:
288:
285:2005 Elected
284:
282:
278:
276:
273:2003 Elected
272:
269:
268:
264:
262:
256:
254:
252:
248:
244:
240:
239:UK government
236:
231:
229:
224:
223:Northern Rock
220:
215:
213:
209:
205:
201:
197:
193:
192:Barclays Bank
189:
185:
181:
177:
173:
169:
164:
161:
155:
153:
147:
144:
140:
135:
131:
129:
121:
116:
109:
107:
105:
101:
97:
93:
89:
81:
79:
76:
72:
68:
64:
60:
56:
48:
46:
44:
40:
36:
32:
28:
22:
1390:Tom McKillop
1389:
1336:Zolmitriptan
1326:Ximelagatran
1256:Rosuvastatin
1166:Esomeprazole
1116:Bicalutamide
1111:Benralizumab
1004:RyĹŤji Noyori
994:Ilkka Hanski
965:
953:
936:
919:
897:
893:Philip Power
880:
868:
859:Tom McKillop
858:
851:
847:David Masser
832:David Gadsby
814:
807:
803:Ronald Ekers
793:John Diffley
783:John Croxall
770:
751:Harry Bryden
731:James Barber
667:. Retrieved
643:. Retrieved
639:the original
634:
625:
613:. Retrieved
603:
593:
578:
566:. Retrieved
556:
544:. Retrieved
539:
527:
516:
512:
499:
478:
474:
461:
457:
445:
441:
429:. Retrieved
425:the original
420:
397:the Guardian
396:
387:
260:
232:
216:
204:LaSalle Bank
187:
174:, including
165:
156:
148:
136:
132:
128:Fred Goodwin
125:
120:Fleet Street
85:
52:
26:
25:
1444:1943 births
1331:Zafirlukast
1286:Selumetinib
1276:Saxagliptin
1271:Savolitinib
1251:Roflumilast
1246:Ravulizumab
1231:Palivizumab
1226:Osimertinib
1211:Motavizumab
1181:Fulvestrant
1141:Candesartan
1096:Anifrolumab
1086:Anastrozole
1067:AstraZeneca
517:Marketwatch
431:27 February
208:poison pill
172:hedge funds
1438:Categories
1316:Vandetanib
1301:Ticagrelor
1261:Roxadustat
1241:Quetiapine
1221:Omeprazole
1206:Metoprolol
1161:Eculizumab
1156:Durvalumab
1126:Budesonide
984:Raoul Bott
788:Tom Curran
615:4 December
568:4 December
380:References
326:Lloyds TSB
176:Chris Hohn
154:business.
49:Early life
1459:BP people
1369:MedImmune
1321:Vaxzevria
1296:Tamoxifen
1196:Goserelin
1186:Gefitinib
1171:Exenatide
65:and then
43:RBS Group
1413:Category
1354:Astra AB
1236:Propofol
1216:Olaparib
1106:Atenolol
1074:Products
1018:Honorary
715:elected
669:9 August
645:30 March
586:Archived
542:. London
368:See also
237:and the
235:ABN AMRO
168:ABN AMRO
143:ABN Amro
122:, London
55:Dreghorn
1423:Commons
1176:FluMist
977:Foreign
724:Fellows
717:in 2005
711:of the
709:Fellows
546:3 April
249:of the
75:Runcorn
1383:People
1374:Zeneca
265:Awards
257:Family
196:Fortis
88:Zeneca
82:Zeneca
564:. RSE
188:Tosca
671:2005
647:2016
617:2014
570:2014
548:2009
433:2009
35:FRSE
324:of
180:TCI
110:RBS
71:ICI
31:FRS
1440::
633:.
592:,
538:.
490:^
419:.
405:^
395:.
318:BP
230:.
33:,
29:,
1059:e
1052:t
1045:v
701:e
694:t
687:v
673:.
649:.
619:.
572:.
550:.
435:.
353:.
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
