February 26, 2009

fred badwin (or rubbing along on a pension)

Filed under: business,just whinging,politics — anne thrope (miss) @ 12:52 pm

in light of the staggering 2008 losses totalling £24.1bn at rbs i feel compelled to re-visit the pension arrangements of it’s erstwhile chief executive Fred Goodwin.

let’s be honest, the idea that in any circumstances any individual should be paid a pension of £650,000 a year, from the age of 50, is breathtaking. in the present economic climate and given this man’s abject record, this is a sickening abuse.

the government, which at the taxpayers’ expense has had to drag this basket-case from the brink of bancruptcy should simply tell him he aint gettin’ it, and, if necessary, see him in court.

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