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

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

Author
Discussion

amaftauhoo

Original Poster:

305 posts

185 months

Thursday 26th February 2009
quotequote all
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

Original Poster:

305 posts

185 months

Thursday 26th February 2009
quotequote all

AlexKP

16,484 posts

246 months

Thursday 26th February 2009
quotequote all
It is one hell of a reward for abject failure.

Wish I could get such a deal.

amaftauhoo

Original Poster:

305 posts

185 months

Thursday 26th February 2009
quotequote all
This moron should be in bloody prision. Not getting 55k a month.

Invisible man

39,731 posts

286 months

Thursday 26th February 2009
quotequote all
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

13,204 posts

206 months

Thursday 26th February 2009
quotequote all
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

7,819 posts

253 months

Thursday 26th February 2009
quotequote all
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

Original Poster:

305 posts

185 months

Thursday 26th February 2009
quotequote all
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

8,411 posts

243 months

Thursday 26th February 2009
quotequote all
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

4,592 posts

240 months

Thursday 26th February 2009
quotequote all
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

16,484 posts

246 months

Thursday 26th February 2009
quotequote all
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

70,012 posts

231 months

Thursday 26th February 2009
quotequote all
OMFG. That is some pension. Even better than a Govt minister....

sa_20v

4,108 posts

233 months

Thursday 26th February 2009
quotequote all
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! hehe

HundredthIdiot

4,414 posts

286 months

Thursday 26th February 2009
quotequote all
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

16,012 posts

248 months

Thursday 26th February 2009
quotequote all
Don't forget he's too old to work now that he's fifty. rolleyes

amaftauhoo

Original Poster:

305 posts

185 months

Thursday 26th February 2009
quotequote all
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! hehe
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

8,597 posts

258 months

Thursday 26th February 2009
quotequote all
"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

4,108 posts

233 months

Thursday 26th February 2009
quotequote all
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! hehe
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! smile

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

1,352 posts

206 months

Thursday 26th February 2009
quotequote all
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

17,517 posts

212 months

Thursday 26th February 2009
quotequote all
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.