Sir Fred Goodwin, the man who took the Royal Bank of Scotland to the brink of collapse, tonight defiantly rejected the Government's call for him to give up part of a gold-plated pension deal worth almost £700,000 a year.
But its this that irks me ..
Quote:
Ironically, experts say that if RBS had been allowed to go under, Sir Fred would have received a pension of only £20,000 a year. Ros Altmann, a pensions expert and former consultant to the Government on pension issues, noted that Sir Fred's pension would have fallen to a fraction of its current value if RBS had been allowed to fail and the bank's pension fund had been propped by the Government's Pension Protection Fund.
Literally the only reason that man has his huge pension is the UK taxpayer is paying for it.
Now, what really irks me, is that he sees no reason to make a gesture ... time for some fleecing and a reality check I think.