Having already lost his knighthood over the RBS debacle, Fred Goodwin is now also facing possible
legal action from disgruntled shareholders who believe that they were misled into paying £2 for RBS shares in a rights issue just months before the crash. Calton wonders which is more painful for Fred - the dent to his pride in losing the 'Sir' or the potential hit on his pocket? It could be a double whammy. One thing is certain - there are a lot of RBS shareholders who have suffered losses through Fred's mismanagement of the bank, including a number of pension funds. Calton doesn't blame them for wanting their day in court.
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