Breaking news on BBC - Fred Goodwin refuses reduced pension

Love_bargains_2

This witch hunt has gone too far.

I remember a few cases where formula 1 drivers were caught speeding on the motorways at well over 100mph. Normally people would lose their licence for this dangerous law-breaking, but the F1 driver got to keep his licence and pay a £200 fine and people were quite OK with it.

Now here's a guy that is legally entitled to a pension and the lynch mob is out.

So, in the first case a bloke rich beyond most people's wildest dreams breaks the law, puts lives at risk and gets away with it. In the second case a bloke rich beyond most people's wildest dreams doesn't break the law, doesn't endanger lives and people want to string him up for it.

Grow up people, back to your tabloids.

Pssst

Walletwatch wrote: »

Courtesy Robert Peston, just mentioned on BBC News

Well done Fred. I hope he rubs Browns nose firmly in the dirt.

thegibdog

Love_bargains wrote: »

I remember a few cases where formula 1 drivers were caught speeding on the motorways at well over 100mph. Normally people would lose their licence for this dangerous law-breaking, but the F1 driver got to keep his licence and pay a £200 fine and people were quite OK with it.

Now here's a guy that is legally entitled to a pension and the lynch mob is out.So, in the first case a bloke rich beyond most people's wildest dreams breaks the law, puts lives at risk and gets away with it. In the second case a bloke rich beyond most people's wildest dreams doesn't break the law, doesn't endanger lives and people want to string him up for it.

So, in the first case someone breaks the speed limit and actually harms no-one. In the second case someone runs a bank into the ground, affecting the lives of pretty much everybody in the country...

kabayiri

(-- shameless scavenge from the Beeb Panorama program follows)

It seems a successful US law film has got the whiff of Sir Fred's particular blood group (and possibly others).

The core argument will centre around the rights issue conducted by RBS last year, and whether shareholders were misled by the company over the finance situation.

This could potentially lead to civil suits being filed against Sir Fred.

I suggest he needs to retain his pension fund to help with the legal bills....

itsnever2lateisit?

Is now the declared annual value of his pension. So up 53k in a week, not bad going...........

Pound

Anyone think Goodwin looks a bit like Mr Humphries from Are You Being Served?

Kez100

One big difference. You'll never hear Fred Goodwin say "I'm free"

ManAtHome

Breaking news - Fred agrees to waive his pension (unfortunately agreement was reached by telephone instead of in writing)...

Love_bargains_2

Great work everyone - thanks to the abuse that he and his children are getting this millionaire is being hounded out of the country so he can go and spend his millions abroad.

Smart move, UK!

matthewcb

Love_bargains wrote: »

Great work everyone - thanks to the abuse that he and his children are getting this millionaire is being hounded out of the country so he can go and spend his millions abroad.

Smart move, UK!

Don't forget he was motivated purely by a lust for power and greed. His children may be upset, but what about the children of those RBS employees who will lose their jobs? Do they not have rights too?

He had a chance to make amends and reclaim some goodwill, but the pursuit of money (i.e. full pension) was more important to him than the feelings of all those who have suffered directly as a consequence of his actions.

I have heard first hand stories of his arrogance and generally unpleasant personality. He may be a millionaire, but that doesn't mean he has any class. A few less of this sort of person will not make the UK a worse place imho. Having money does not make him a wonderful asset!