Confession: Myners knew about the Goodwin pension

Wookster

It seems as though the truth is now out. Lord Myners has now admitted that he knew the size of Goodwin's pension. This is at odds to the what he told the Treasury Select Committee recently - his defence being that he believed the Committee were asking him about his exchanges on Friday and he found out on Saturday.

How dishonest are these crooks? We now have a government in disarray. Shameful!

http://www.guardian.co.uk/business/2009/mar/25/myners-goodwin-rbs-pension-defence

Myners defends himself over Goodwin pension controversy

I knew how much he was getting, but not that it had been doubled, City minister insists in letter

Lord Myners has tried to defend himself against accusations that he misled the Treasury select committee about what he knew about the size of Sir Fred Goodwin's pension.

As the furore over the former Royal Bank of Scotland chief executive's pension has grown, Myners has written to John McFall, who chairs the committee, to admit he was told about the "estimated transfer value" of Sir Fred Goodwin's pension, but was not aware it had been doubled to £16.9m on the weekend of the bank bailout in October. Goodwin currently receives an annual pension payout of £703,000.

Myners, who resigned as chairman of Guardian Media Group, publisher of the Guardian, to oversee the bailout as City minister, tells McFall in the letter dated 23 March that while he was told an estimated value of the pension he did not know that the board had used its discretion to increase the pot from its original size of £8m.

He also said that he had been told on 12 October – the night before the bank bailout – an "estimated transfer value" of the pension by Bob Scott, the senior independent director of RBS and the head of the remuneration committee.

The article continues

purch

How dishonest are these crooks?

Very

We now have a government in disarray

Now ??? They've been in disarray since the Iraq War started !!!!

Rochdale_Pioneers

Its simple - if he mislead the committee he has to go.

amcluesent

NuLabour is corrupt from top to bottom, completely lacking in any scruples.

Now all of Clown's men (and women) are tumbling as one by one their duplicity and frauds are being exposed. I'm loving every minute...

I just hope that Blair is dragged down in the end. He wanted to be 'white than white' but trousered that £1M bung from Ecclestone as quick as a wink, and after that...

Generali

Increasingly, Labour seem more interested in keeping power than on the efficient functioning of Government and certainly than being honest in any way.

I'm so glad I'm out of there. Good luck guys!

treliac

Generali wrote: »

I'm so glad I'm out of there. Good luck guys!

Cheers! My god we need it!