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Original poster

Fred Goodwin's £693,000 a year pension for destroying RBOS....

54 replies

mm22bys · 27/02/2009 09:40

I've looked but not seen a thread on here yet about it...

This is actually yesterday's news, but I think it is obscene that some one is paid so much, and for failure too...

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

(I know he's a sir but I am not going to give him that respect...)

OP posts:
edam · 27/02/2009 10:46

I keep hearing this phrase 'compensation for loss of office' when people at the top of companies or public sector organisations get the chop.

Funny how it never applies to people further down the food chain.

StayFrosty · 27/02/2009 10:49

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bagsforlife · 27/02/2009 10:53

He's only 50 as well!!!! Unbelievable.

QuantitativeMeasure · 27/02/2009 10:59

It riles me ( really riles me ) to see their smug faces on the news.

How can they be 'rewarded' for literally bringing a company to its knees.

Arseholes

edam · 27/02/2009 11:01

I think we should learn from the example of the French revolutionaries. Off with their heads! (Am prepared to learn to knit if it gets me a prize seat near the guillotine.)

edam · 27/02/2009 11:03

Actually am quite tempted to take a trip up to Edinburgh if anyone wants to join me in a peaceful protest outside the fucker's house.

StayFrosty · 27/02/2009 11:03

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TheCrackFox · 27/02/2009 11:04

I'll join you with the knitting classes Edam.

What riles me is that we both live in Edinburgh but I live in a run down area in a pokey flat and my DCs go to a "bog standard comprehensive" whilst he lives in a big house and his DCs go to a posh school. It seems very unfair to me.

AitchTwoOh · 27/02/2009 11:12

he's not been seen at his big hoose in yonks, apparently. the snappers are there every day. rumour had it last week that he'd relocated to the country and all the tabs were desperately phoning the estate agents for goss.

TheCrackFox · 27/02/2009 11:15

Bet it is a nice big house in the country - that we are all kindly paying for.

duchesse · 27/02/2009 11:27

Given that we, the taxpayer are probably paying for this, I think he should stripped of his entire bloody pension, be forced to work on until he's 65 like everybody in this bloody country, and then forced to live on a state pension. The greedy bastard.

edam · 27/02/2009 11:33

Damn re. big house. But I'm sure the tabs will track him down!

Original poster
mm22bys · 27/02/2009 17:40

Maybe I'll do a Sharon Osborne and send him a Tiffany box....

(only (half) joking )

OP posts:
dittany · 27/02/2009 17:45

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Roobie · 27/02/2009 17:54

Did I hear something in the media about Goodwin having signed his letter in which he refused to voluntarily give up his pension "Yours richly" or did I dream that? If it wasn't a dream then what a complete and utter arse wipe.

sarah293 · 27/02/2009 17:57

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donnie · 27/02/2009 18:25

I agree with edam and riven - greedy and grasping doesn't begin to cover it. If he had an ounce of integrity he would offer up some of his wealth to the people left jobless and so on by his greed. But I guess integrity is not part of his lexicon.

TheCrackFox · 27/02/2009 18:39

mm22bys - surely we should down grade it to a Ratners box?

edam · 27/02/2009 18:40

The Times today had an analysis of his response to Lord Myner's letter. It pointed out that he 'gave up' his entitlement to notice and a few other bits and bobs that added up to something like £1m. But taking his pension at 50 means he's actually gained £8m.

Calling him a cunt would be a compliment, so I won't.

TheCrackFox · 27/02/2009 18:43

Edam, he is an insult to cunts.

traceybath · 27/02/2009 18:43

Interesting view on radio 4 today saying that it was typical of the government and pensions particularly public sector ones.

There's just no way they can all be paid out as things currently stand but the govt is too scared to be the ones to tell people this.

In most companies nowadays final salary pensions are a thing of the past because companies have been forced to realise they won't be able to afford them.

I think his pension is ridiculous but not sure what can be done if it was agreed.

edam · 27/02/2009 18:44

However, it has just struck me that he should be stripped of his knighthood - think the term is 'degraded'. Perhaps we could do two for one with that Texan cricket bloke? (And how does a Texan get a knighthood he is able to use, rather than an honourary one, anyway?)

Time for her Maj and the PM to stop doling out honours, especially seats in the House of Lords, just because people are stinking rich, IMO.

woodenspoon2 · 27/02/2009 18:45

It strikes me he may need some of that money for security now. He's not going to be popular with redundant RBOS employees. The stupidity of Myners beggars belief...

dittany · 27/02/2009 18:45

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edam · 27/02/2009 18:46

I wonder if the companies that are now whinging about final salary pension schemes are the same ones that were so keen to take 'pension holidays' in the 90s, on the grounds that apparently lots of schemes had more than enough money to meet their then-current and future obligations? Funny how when it turns out those in charge were wrong, it's the ordinary people who lose out. Yet again.