Skip to comments.I won't give up my £650,000 a year pension': Failed bank boss hits back at Government legal threat
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 ...
Don’t worry about it Fred. Madame Dufarge is knitting away just the same.
That works out to $932,000 at today’s exchange rate. You could get by on that if you ate a lot of ramen.
“..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.
Whoa there let's not go crazy.....you mean if your personal chef prepares you some ramen.