Breaking news on BBC - Fred Goodwin refuses reduced pension

Walletwatch

Courtesy Robert Peston, just mentioned on BBC News

itsnever2lateisit?

Goodwin reminds me of the Harry Enfield character in the shop 'I saw you coming'

Dylanwing

There's a shock! If it is true that the Government could have blocked it, I know exactly where the blame should lay. Trouble with all of this hype, and Government deflection of blame is that Fred may well have difficulties with vigilantes at some point. Of course the other option is to seriously increase taxes for high 'earners', as the Government needs money, and they ain't going to get it from the poor.

Graham_Devon

Was just going to post this up!

I'm confused at the moment, was just on 5live in the car, and they say that it might not even be contractual, but he seemingly 'used' the rules very well, to extend his pension as he pretty much knew he was going.

Everyone seems very surprised that he would say no he will not give anything up or back now. They seemed to think he should at least wait a bit until it's calmed down before creating even more hatred, as he's now pulling his colleagues down with him.

Will be interested to see if this is actually contractual or not.

Me personally, well, I think this is just another case of pure greed, and as he's said what he has stated, i.e. he will not do as encouraged, and give any of it up, just shows he was in it for as much as he could get.

Of course Alistair And Gordon are just saying "not me guv, I know nothing".

Mr Darling has made a personal plea to Sir Fred to give up his pension - but also admitted that it was now clear ministers could have blocked it.

brightonman123

is Fred in any position to refuse, now that he has left the bank?

Dylanwing

Mind you, bearing in mind the dubious antics of Smith, Balls & Cooper, Conway, and the many other MP's with dubious expenses claims who have 'done nothing wrong', is the House of Commons really in a position to lecture Fred?

Wookster

You can imagine the conversation went something like this:

Treasury minister: Be a decent bloke and give up your pension

Goodwin: You have to ask yourself, do you feel lucky today punk?

Treasury minister: errrr *scuttles off back to Whitehall*

How typical that AD & crowd failed to spot this earlier, but not surprising given how much else they failed to spot.

Graham_Devon

Dylanwing wrote: »

Mind you, bearing in mind the dubious antics of Smith, Balls & Cooper, Conway, and the many other MP's with dubious expenses claims who have 'done nothing wrong', is the House of Commons really in a position to lecture Fred?

I know everyone says it. But this is hurting many people now. Many innocent people are experiencing pain while all this party politics game is being played.

Sir Fred has demonstrated he has not a shread of decency. At least he is being honest.

I think it's now time Gordon and Alistair did the same, and called an election today, for the sake of the country. It really has got stomach churning now with all these people on the take, and it has to be said, the majority are labour.

Alistair simply says "yer, I got it wrong....again" and carried on with his job. The bank bloke cripples us, and carried on with his pension.

What the f is going on!?

wymondham

I'd keep it if someone gave it to me too - it was all agreed and above board - remember failure is rewarded in banking circles. The Government have messed up big time here by not bothering to check it was watertight or legally binding. They probably did'nt think spending £500 odd on a legal bod to go over it was well spent - smart move!! :eek:

I'm getting bored with gasping over what fool in Government says/does next ... it's not amusing anymore...

MrFonzerelli

Fred Goodwin = bankrupt privately owned bank.
Gordon Brown (&Tony Blair) = bankrupt Britain.

Who should have their pension removed!?:think:

Walletwatch

Graham_Devon wrote: »

Was just going to post this up!

I'm confused at the moment, was just on 5live in the car, and they say that it might not even be contractual, but he seemingly 'used' the rules very well, to extend his pension as he pretty much knew he was going.

Will be interested to see if this is actually contractual or not.

[/I]

Jeff Randall at 7:30 on Sky News will be talking to the current RBS boss and I am sure the contractual details of the pension will come up.

One interesting point that Sky News made on this is the possibility that the Govt specifically engineered this leak to cover up on the 325 billion insurance that they are going to extend for RBS toxic assets