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The Boston Globe


Alex Beam

Take it back, sir

When the honored disgrace themselves, and the award-worthy are overlooked, it’s enough to make anyone second-guess

Perhaps you noticed this month that the queen of England “canceled and annulled’’ the knighthood awarded to the man formerly known as Sir Fred Goodwin, who ran the Royal Bank of Scotland into the ground. Hailed as “the world’s worst banker’’ by Slate magazine business columnist Daniel Gross, Goodwin displayed ineptitude and greed that were egregious even by banking standards.

Don’t fret for him. The 53-year-old golfer and Formula One racing fan is collecting a pension of about $540,000 a year, for managing a bank that had to be nationalized by the British government.

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