A CONTRACT is a contract and as sickening as this sounds it is allowing Sir Fred Goodwin, former RBS chief, to walk away with a disgusting £650,000-a-year pension.
RBS has posted massive losses - the worst in history though this is still less than predicted.
But Sir Fred was bred under a system which rewarded failure as much as gain.
Now, it is all good and well to moan and point to him and use Sir Fred as the scapegoat for banking's failure.
But he is merely cashing in on what was promised.
It is sickening, it is wrong, but it is too late and Government ministers should quit moaning about it and make sure this NEVER happens again.
See Sir Fred in action:
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