@a_fine_edition: I totally agree with Ned not being set up to be Hobgoblin or even as a patsy but I would set up Ned as an accomplice to Hobgoblin. One thing that would make Green Goblin and Hobgoblin really stand out to Marvel movie fans is having them be Skrulls. For Green Goblin, OsCorp manages to crack the Skrull genome and Norman Osborn uses it on himself.
As for Hobgoblin, Roderick Kingsley can be a chairman at OsCorp but he's also an albino which he keeps a secret for his own vanity. Kingsley manages to get a hold of an untested Skrull-Goblin formula in the hopes of correcting his pigmentation but it transforms him into the Hobgoblin. Norman witnesses this transformation then tries it on himself when he thinks he has corrected the flaws.
Both Norman and Roderick can shapeshift from goblin to their human form vice versa but due to their human genome, their shapeshifting can go no farther than that except for a few things that could be beneficial to them like their retinas, fingerprints and their voice. Their ability to change to bone structure from human to goblin is painful so neither of them wants to attempt at looking like someone else.
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