For those who are not familier with Sir Fred Goodwin – he is the former boss of Royal Bank of Scotland, who is 50, and is now enjoying his £700,000 annual pension. Well he was the boss of a bank you would argue, and he deservse a little bit of pocket money in his retirement! But he is also the guy who is responsible for the biggest loss in UK corporate history. Which is pretty bad. RBS’s future now hangs on the Government’s insurance scheme for banks’ toxic assets. Instead of being punished, I would suggest taring and feathering, he now gets send off with nice big fat pension – he must be laughing himself stupid – and there is not a lot the government can do about; Well done Sir! Seems like in the banking world you do get rewarded for fucking-up.
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