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I won't give up my 650,000 a year pension': Failed bank boss hits back at Government legal threat
MailOnline ^ | 26 Feb 2009 | Daily Mail Reporter

Posted on 02/26/2009 3:03:15 PM PST by AreaMan


Disgraced bank boss Sir Fred Goodwin has written to the Government to say he refuses to give back any of his £650,000-a-year pension despite widespread outrage at the ex-bank chief's lavish retirement package.

And Sir Fred is said to be 'furious' that details of his £16million pension pot were leaked.

There was anger in the Commons today after the details of the 50-year-old banker's pension deal were revealed.

This afternoon RBS chairman Sir Philip Hampton had said Sir Fred  would 'think about' giving up some of his pension.

Sir Philip said: 'I have asked Fred if, given the events of recent times, would he make a voluntary reduction in his pension. He said he would think about it but I haven't heard back yet.'


(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; United Kingdom
KEYWORDS: bailout; classwarfare; ripoff

1 posted on 02/26/2009 3:03:15 PM PST by AreaMan
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To: AreaMan

Don’t worry about it Fred. Madame Dufarge is knitting away just the same.


2 posted on 02/26/2009 3:05:34 PM PST by Wolfie
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To: AreaMan

That works out to $932,000 at today’s exchange rate. You could get by on that if you ate a lot of ramen.


3 posted on 02/26/2009 3:11:23 PM PST by Billthedrill
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To: AreaMan

“..And Sir Fred is said to be ‘furious’ that details of his £16 million pension pot were leaked...”

Sir Fred doesn’t realize he is working with the Gov’t here, and politicians’ agenda is very different from his.


4 posted on 02/26/2009 3:12:27 PM PST by PGR88
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To: Billthedrill
That works out to $932,000 at today’s exchange rate. You could get by on that if you ate a lot of ramen.

Whoa there let's not go crazy.....you mean if your personal chef prepares you some ramen.

5 posted on 02/26/2009 3:12:50 PM PST by AreaMan
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To: AreaMan
It's his money, leave him alone.

Then they came for what was left of my mere $50.00 retirement nest egg, but there was no one left to defend me.........

Woe is me!
6 posted on 02/26/2009 4:03:38 PM PST by OneVike (Just a Christian waiting to go home)
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