Breaking news on BBC - Fred Goodwin refuses reduced pension

Mr_Matey

Despite whether you agree with the amount of the pension or not, he is entitled to it under his contract and if I was in his situation I wouldn't give it up either.

This is a media witch hunt.

smartn

I think it was on Panorama the other night they showed a shot of Goodwin squirming a bit when being questioned about his part in the downfall of RBS, they also showed I think a japanese banker who was in tears about what he did, obviously devastated. Goodwin has no honour, and I dislike him intently, however the Japanese chap I felt really sorry for. We all make mistakes, how we deal with those mistakes is what makes us what we are. If he trully regretted what he did he would not take the full pension, no-one needs 650K per year.

torontoboy45

Mr_Matey wrote: »

Despite whether you agree with the amount of the pension or not, he is entitled to it under his contract and if I was in his situation I wouldn't give it up either.

This is a media witch hunt.

I'm hoping the validity of contract is tested in a court of law.

but I agree with the witch hunt comment. I wonder how many 'masters of the universe' are delighted to see uncle fred taking all the heat.

Kez100

I also agree. I have no problem with him keeping it if a court of law says he was in order and the contract was in order with the law.

Pssst

Kez100 wrote: »

I also agree. I have no problem with him keeping it if a court of law says he was in order and the contract was in order with the law.

Me too.
I want it to go to court and to see Brown and Harriet Harman ground into the dust.

I started the "support fred the shred" thread.. Good luck to him. There are plenty in HM Gov who are just as useless and are troughing it...

MrFonzerelli

I have bought a duck and some scales. I am now prepared to sort this matter out once and for all!

racheyg

I don't see why he should give it back. He may be greedy and rich (to us mere morsels) but so are a lot of people. It was agreed.

Anyway, it's a drop in the ocean compared to what the tax payer has to dish out in benefits to fraudsters, to prisoners who have murdered, and to the rehabilitation of paedophiles. He's being used as a scapegoat for everyone to get their angry little teeth into.

There are millions of people who are given more than they should in all sorts of ways, so why put so much effort into just one person? This is purely just a knee-jerk reaction to media coverage.

racheyg

torontoboy45 wrote: »

'good luck to him'.

jesus....

if my pittance of a pension was suddenly halved I'd be a tad miffed.
but what of uncle fred? is anyone seriously telling me he can't scrape by on £330k p.a?
in a fair world he'd be stripped of his knighthood and his his pension reduced to the absolute min. of £27k - if only to warn others.

you sound like a troll - another one for the ignore list.

Yes but it's all relative. Your pittance of a pension might be a lot to others. Depends on what lifestyle you've been used to. We won't all, always be equal. There are many people a lot richer than freddie too.

donnykebab

racheyg wrote: »

There are millions of people who are given more than they should in all sorts of ways, so why put so much effort into just one person? This is purely just a knee-jerk reaction to media coverage.

Think its another of Gord's great ideas to create a bit of misdirection to get the muppets like matty & tonto up in arms. As ever it appears to be going t*ts up

GeorgeHowell

matthewcb wrote: »

"how about Queenie for knighting him".

Maybe that comment was t-i-c ?

But of course HM does not decide who gets honours, except for the Orders of the Garter and the Thistle which are in her personal gift.

The decision to knight Goodwin was undoubtedly Blair's and Brown's -- the twin-headed monster of the 'New Labour project' which has brought this country to its knees. Though doesn't Labour always do that given long enough ?

It was Blair and Brown who feted every get-rich-quick wide-boy one can imagine, and let them have all their own way on the back of being 'business friendly'. That's why we had 'light touch' regulation which helped to bring banking system to the brink of collapse (Clinton (the USA's Blair) did the same of course). That's why our workers are so cheap and easy to fire compared with all of our western Europe competitors. That's why our utilities companies have been allowed to fall into foreign hands and we have been screwed ever since. That's why petrol price shoot up when the price of oil does but don't come down as fast when oil prices fall. This is the same two characters who engineered and sustained a ten year debt-fuelled boom (both public and private), with the results we see now that the smoke has cleared and the mirror has cracked. This was so that Blair could stay as PM more or less as long as he wanted, and Brown would then get his Buggins turn afterwards. You can't fool all of the people all of the time, but those two managed to fool enough of the people enough of the time.

And incidentally, HM The Queen has not seen fit to honour Blair with the one which is in her personal gift, the Garter, and which he (and his horrendous wife) would no doubt love to have. Wise woman. Thank God we do not have an elected Head of State, or by now we would surely have President Blair and First Lady Cherie. In which case Sir Fred Goodwin would probably be made a Companion of Honour.