Can you imagine the conversation?

[MaxAndRuby]

Alistair Darling - "Hello Sir Fred. Listen, we've overlooked a small issue when we bought 70% of RBS with taxpayers money. We forget to check your pension allowance, and now I'm looking an absolute twunt in front of the whole nation. I know there's no legal reason why you should give up £650K per annum for the rest of your life, but it really, really would help my political career. Also, in this climate it really is morally incorrect for you too take such remuneration from a publically controlled company. The ball's in your court Fred, will you surrender the pension?"

Sir Fred - "No. HTH."

http://news.bbc.co.uk/1/hi/uk_politics/7912651.stm

Edited by MaxAndRuby on Thursday 26th February 16:03

[dibbers006]

'Please Mistaa, can we have our ball back...'

[stormin]

70% taxpayers money, 30% RBS - 70% of his pension back to the taxpayer, 30% to him.

[Pesty]

"Chancellor Alistair Darling has admitted the government could have stopped ex-RBS chief Sir Fred Goodwin from getting a £650,000-a-year pension.

But it did not realise this at the time when it agreed to pump £20bn of taxpayers money into the firm."

Choosing not to for good reasons or not being able to fine.

Not understanding what the fk you were doing?

Bunch of cocks

[mechsympathy]

Pesty said:

Not understanding what the fk you were doing?

Bunch of cocks

And just like other financial cock ups they've made they're trying to spin their way out of accepting blame

[siscar]

Pesty said:

"Chancellor Alistair Darling has admitted the government could have stopped ex-RBS chief Sir Fred Goodwin from getting a £650,000-a-year pension.

But it did not realise this at the time when it agreed to pump £20bn of taxpayers money into the firm."

Choosing not to for good reasons or not being able to fine.

Not understanding what the fk you were doing?

Bunch of cocks

The only reason he will have got this pension is because it's in his contract. As such nobody could have stopped him getting it. Sure the government could have said that they were only willing to put money in if he gave it up but if he'd said no they would have been stuffed. Would they have let RBS fold just because he wouldn't give up his pension?

[Sciroccology]

"Er Fred, you know that mahoosive pension that the RBS board voted that you could have, like ages ago, before everything went tits-up and we had to bail you out? Well, I was just wondering if you wouldn't mind giving some of it back..."

[drivin_me_nuts]

canny businessman wrt feathering his own nest. I think this one has a lot of running in it yet. Govt must be desperately seeking the services of Mr Spin to somhow wrangle their way out of guilt by association.

[bitwrx]

Surely they should've kept him on until the results were posted the other day, then sacked him for being the boss when things went tits up.