Penguin's Entire Backstory Explained

When the name Red Hood is mentioned, the first thing that comes to mind is the Joker. Not only does he hold the infamous mantle at one point in his career, but the Joker is also responsible for the reincarnation of the Jason Todd version of Red Hood. Even though Todd would love nothing more than to shove a crowbar in the Clown Prince's smile, he has serious beef with Penguin, too.

In "Red Hood and the Outlaws" #24, Todd confronts the Penguin about an event from his past. He discovers that his father, Willis Todd, wrongfully went to prison for a crime that Oswald Cobblepot committed. Red Hood sees it as a critical moment that resulted in his father and family losing everything, and he blames Penguin for it. Cobblepot shows no remorse for his actions, choosing to mock Todd for revealing his real identity, so Todd shoots him in the head. Fortunately, the gun is holding blanks, so Penguin lives to see another day.