OH, how I am fed up of reading about Sir Fred Goodwin and his pension! Another day, and yet another series of stories about it.
Now, he's apparently walked off with another £3m - but hey wait, no he hasn't he has given it back it is reported a couple of hours later. And he's still set to claim £600k or is it £700k a year? I lose track.
To be quite honest, yes it is disgusting and stinks but it's happened and we are all fools for it.
The recession stinks and mistakes have been made so where is the scapegoat? Sir Fred fits that bill as the ex-RBS chief.
And what next?
Oh, we've got local authorities wanting to sue RBS for not revealing details of investments with Cherie Blair leading the arguments as barrister! Unbelievable! What's the point?
The sensible finance chief officer of Lancashire County Council told me he doesn't see the point - it's just lobbing more taxpayers money towards American lawyers and who loses out - we do! And why do we want to do that? This is coming from a man who is overseeing a local government pension pot losing £2.2m a day so he has a right to be angry but he is taking a considered response.
Maybe it's time the rest of us do that - including those trying to find convenient scapegoats for a wider and endemic problem.
It's about time we focused on solving it instead of looking for those to blame.
Showing posts with label RBS. Show all posts
Showing posts with label RBS. Show all posts
Tuesday, March 17
Thursday, February 26
Right Said Fred
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:
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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