As RBS announces huge losses – Are we paying for the former CE’s pension?
Royal Bank of Scotland (RBS) recently announced the largest annual loss in UK corporate history, with total losses of £24.1 billion (yes that’s right billion!). RBS, a 282-year-old bank, had to be bailed out by the government last year and is now under criticism as its former chief executive, Sir Fred Goodwin, is already drawing a pension of £650,000 a year, despite only being 50. He was given a £16m pension pot which he can claim from for life, when he took early retirement in October, as part of the government's rescue of the faltering bank. It looks as this former employee has been handsomely rewarded for huge failings of a major financial institution. Is this fair criticism, are we (the tax-payer) really paying for this man’s extortionate pension?
Labels: banks, pension, RBS, virtual assistant, virtual assistant training, virtual pa, virtual pa training
posted by lilach
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