The former Royal Bank of Scotland chief executive Sir Fred Goodwin bowed to public anger today by agreeing to give up more than £200,000 a year of his controversial pension.
Is your anger appeased? Or does the following still rankle?
Under the deal, Goodwin will be paid £342,500 a year, down from the £555,000 set in February when he took out a £2.8m lump sum on which RBS paid the tax. He will keep the lump sum and the £2.6m bonus he was paid in his last year at the company.
I guess the RBS staff facing redundancy may not be entirely happy ...
1 comment:
Still grinds here, especially the part of the deal that removes all possible legal action.
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