Thursday, February 26, 2009
Greed is good for Goodwin
Goodwin stands firm over £16m pension
"Sir Fred Goodwin, former RBS chief executive, refused to bow to government pressure to hand back some of his £16m pension pot on Thursday, as a row erupted over his claim that ministers approved the deal last year."
Posted by letthemfall @ 09:05 PM (1749 views)
23 thoughts on “Greed is good for Goodwin”
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Newcynic says:
If Sir Fred has to give up his pension pot for failing in his job what about Gordon and Darling? Pot Calling Kettle black!!!
happy mondays says:
Why has he not been hung , drawn & quartered with all the other thieves! Is that to strong, maybe to much wine!
happy mondays says:
Me thinks it has a few years in it yet , unlike the government & the monetary system placed upon us! Cheers to hpc’ers
little professor says:
Pure cronyism. His departure from RBS was deliberately delayed with the government’s conniving until he had negotiated this pension payout. He is being paid with taxpayers money. He and Darling should be shot. There shouldn’t have been a penny of taxpayers money committed until the directors of the banks agreed to forgo their bonuses and indeed the majority of their salaaries.
Bring on the revolution.
wiltshire says:
I see the politicans are quite happy for the target of the public’s rage to be focussed on people like Sir Fred. He’s morally as bankrupt as his bank but it was Labour who allowed the banks the rope on which we now all hang.
I’d like to know how much pension Prescott is drawing after his sterling work as Deputy PM!
inflation is eating my savings says:
titanic captain- do you intend leaving- or are you anticipating it will be shut down?
little prof- revolution requires starvation, agitation and a lot of luck. Kicking in a broken door was one metaphor used.
I think the 16 mills is a drop in the ocean, and all are guilty of greed. In the 30s, a bunch of bankers topped themselves- a bunch carried on living the high life. We’ll see how deep this goes…….
gone-to-colombia says:
How can anyone need this kind of money?
Sheer greed made worse by the fact that he was a complete disaster in his job.
In Soviet Russia he would have been shot in the head, in China put on trial as a public display and warning to others. In Britain he gets a huge pension, and does not have the honour to refuse it.
Everything that is wrong with Britain is encapsulated in this story.
May he hang his head in shame and be shunned by anyone who loves their country.
little professor says:
tc – at least get your site sorted before its up and running
http://www.joelonsoftware.com/articles/Unicode.html
devo says:
11. little professor said… tc – at least get your site sorted before its up and running
html and its derivatives (pun intended) should be started again from the ground up by non-nerds. lol
devo says:
11. little professor said… tc – at least get your site sorted before its up and running
BTW: ~~~~~ ” its ” should have an apoostophy.
No offence. lol
devo says:
bob1 ////// your next.
to thine own self be true
inbreda says:
Yes – will be sad to say goodbye to hpc. All the wonderful people I have met… glorious sunshine… indiablue… greenbay….
Righttoleech says:
I am worried about Sir Fred’s safety. I fear that some members of the mug rump of society may have been pushed too far this time.
charlie brooker says:
One suspects if Goodwin doesn’t yield in this Brown will order MI5 to arrange for Goodwin to have an horrific shaving accident next week.
charlie brooker says:
Hey – if the guvmun want to smear the slimey banker they could do worse than paraphrase Gordenron Ghecko’s advice “Greed is Goodwin”
Er, like, high-fives ‘n’ shit.
bystander says:
…..and we haven’t yet discussed the fact that he never contributed to this RBS pension pot in the first place. I contribute to my pension every month and definitely won’t be getting £650000 per year, while I appear to be paying for ‘Sir’ Fred to retire early.
charlie brooker says:
@bystsander
Some pension schemes are non-contributory in that the beneficiary need not pay contirbutions.
Goodwin did however make an extra special contirbution to wrecking the British and world economy.
The man is a shameless crook whose knighthood was obtained by fraudulent means.
Browneconomy says:
LBG & RBS bonuses, Fred’s pension all seem to be ‘news’.
Not ‘news’ are us savers who have had our income cut by 80% (from 5% to 1%)
Sfletch says:
Knighted for services to the banking industry. tee hee.
http://petitions.number10.gov.uk/Unworthy-Knight/
denzil says:
All the best TC. The site you link to looks like potentially picking up the baton and running in the direction that HPC has been leaning towards for sometime. Events have become significantly bigger than a simple HPC remit.
stillthinking says:
Hopefully this will escalate into a spat where a greedy banker fingers his accomplices in government.
Simplysam says:
Come on the whole daily reporting is getting pethatic. This is a scam of the highest order.It is the same strategy repeated again and again among all world financiers and UK government was party to this. This is what I think..
Banks had loads of money piling in their accounts year after year despite paying everyone and giving bonuses etc …So government and a few banks got together to siphon off the monies piling in the bank plcs. So I think bank executives knew all along that they are going to bust the banks but they were given promises that they will be taken care of with handshakes and large pension pots (think relaxed FSA) Later (as we now know) one or two of the bankers will be sacrificed for the good of the others.
The government was running out of options such as stealth tax and increasing income/insurance taxes to cover their spendings and so this was a brilliant idea.They just need a good show to keep everyone engaged – a soap opera.
The questions are
1) where do these bankers with large sums deposit their monies (is it is switzerland or lichtenshtien?)
2) Who has got the monies? The large “corporate losses” that these banks have incurred means that some other company/body has collected all this money. There are a some people who are laughing.
Simples
another alan says:
devo, before you correct other people’s grammar consider your own!
@15 ‘your next’ should be you’re next.
As someone said on another thread, we’re all hypocrites!