Did Franklin Electric change its CFO?
Yes, Fred Goodwin, the former chief executive of the Royal Bank of Scotland, had his knighthood cancelled and annulled on February 1, 2012. This decision was made by Queen Elizabeth II, following advice from the British government and the Honours Forfeiture Committee. The action was taken in response to his controversial leadership during the 2008 financial crisis, during which the bank required a massive taxpayer-funded bailout to avoid collapse. The stripping of his title was a highly publicized event, reflecting widespread public anger and political pressure regarding the corporate governance failures and the high-risk strategies that had brought the banking institution to the brink of failure under his watch.
Related FAQs
Yes, Franklin Templeton and Franklin Resources, Inc. refer to the exact same global asset management organization. Franklin Resources, Inc.
In the standard corporate hierarchy, a Chief Financial Officer (CFO) is higher than a Vice President (VP), as the CFO is an executive C-suite officer who answers directly to the CEO and board of directors.
Franklin Electric Co., Inc. operates as a fully public enterprise whose common shares are actively traded on the NASDAQ global select market under the ticker symbol FELE.