RBS Fred Goodwin and 650k p.a pension at 50!

[amaftauhoo]

Does anyone else think this is bloody ridicilous? 650k annual pension for life! I dont care if he can't do anything about it, it still makes my blood boil when I personally know people who have lost their jobs who were very good employees.

Have a nice day all.

http://business.timesonline.co.uk/tol/business/ind...

I make that to be over 54k a month. ffs!

Edited by amaftauhoo on Thursday 26th February 07:33

[amaftauhoo]

oh yeah, todays headlines

http://news.bbc.co.uk/1/hi/business/7911722.stm

[AlexKP]

It is one hell of a reward for abject failure.

Wish I could get such a deal.

[amaftauhoo]

This moron should be in bloody prision. Not getting 55k a month.

[Invisible man]

I heard this on LBC this morning, more to the point it was alleged by someone from the FSA (Stewart?) that Brown had political influence on them to turn a blind eye to the regulation of lending to compensate for his "reckless public sector borrowing"

Please feel free to fill me in with the details

[andy-xr]

Well done to the guy, he's negotiated a good deal presumably well before The Browturn kicked in. If the banking problems hadnt been brought to light, or if the banks hadnt had these problems I doubt anyone would have batted an eyelid

[ALawson]

anonymous said:

[redacted]

Maybe he is being paid by the scale of the failure, the New Labour inverse remuneration scale.

Edit: Goodwin stated last week that there would be no severance pay! Lying s.

Edited by ALawson on Thursday 26th February 07:45

[amaftauhoo]

andy-xr said:

Well done to the guy, he's negotiated a good deal presumably well before The Browturn kicked in. If the banking problems hadnt been brought to light, or if the banks hadnt had these problems I doubt anyone would have batted an eyelid

That information is absolutely flawed. That is not how knobend goodwins pension scheme works.

[Maxf]

amaftauhoo said:

andy-xr said:

Well done to the guy, he's negotiated a good deal presumably well before The Browturn kicked in. If the banking problems hadnt been brought to light, or if the banks hadnt had these problems I doubt anyone would have batted an eyelid

That information is absolutely flawed. That is not how knobend goodwins pension scheme works.

How does it work?

[sone]

So 20,000 people possibly lose their jobs and this bloke gets the combined wage of dozens of them every month for the rest of his natural.
Oh and of course that old chestnut that GB caused all the toxic debt in the states which no doubt is a major issue with the loss at RBS is back with us. GB might be a useless tosser but he's not alone in all this.

[AlexKP]

andy-xr said:

Well done to the guy, he's negotiated a good deal presumably well before The Browturn kicked in. If the banking problems hadnt been brought to light, or if the banks hadnt had these problems I doubt anyone would have batted an eyelid

Yes - he would have gotten away with it if it weren't for those pesky kids / billions lost.

[Jasandjules]

OMFG. That is some pension. Even better than a Govt minister....

[sa_20v]

amaftauhoo said:

This moron should be in bloody prision. Not getting 55k a month.

No, all people who can spell prison are on that much!

[HundredthIdiot]

From what I've read it only has to be paid out until he dies.

I imagine there will be few nutcases in those 20,000 with enough time on their hands...

[motco]

Don't forget he's too old to work now that he's fifty.

[amaftauhoo]

sa_20v said:

amaftauhoo said:

This moron should be in bloody prision. Not getting 55k a month.

No, all people who can spell prison are on that much!

Not sure how to react with digs at people spelling. I guess no reaction is best. Can't you contribute to the thread or shut up instead of being spelling police?

[audidoody]

"the pension arrangements for his predecessor came under a legal agreement that the government was part of"


Didn't ANYONE do any due diligence on this 'deal'? The incompetence of all concerned is beyond galactic.

[sa_20v]

amaftauhoo said:

sa_20v said:

amaftauhoo said:

This moron should be in bloody prision. Not getting 55k a month.

No, all people who can spell prison are on that much!

Not sure how to react with digs at people spelling. I guess no reaction is best. Can't you contribute to the thread or shut up instead of being spelling police?

Apologies, but my comment was made in a light hearted way - was obviously a typo, no one can be that stupid!

It's not much of a thread though is it? Man works hard, over exposes his company, company goes bust due to mis-management, he retains pension agreed when he walked into the job.

I suspect that you're probably too focused on the £55k/month bit - would you have suggested prison for someone who messed up, lost people their jobs and was now stood in the dole queue? Probably not.

[bitwrx]

Serious question: how does one actually spend that much money every month?

Ok so there are a few things that I'd like to buy, but buying a MeganeSport the first month, then a desert spec XR600 the next only takes me up to the end of April. What next?

[elster]

amaftauhoo said:

andy-xr said:

Well done to the guy, he's negotiated a good deal presumably well before The Browturn kicked in. If the banking problems hadnt been brought to light, or if the banks hadnt had these problems I doubt anyone would have batted an eyelid

That information is absolutely flawed. That is not how knobend goodwins pension scheme works.

Yeah, can you let us all know please.