Not surprisingly, big news this morning was revelation that former RBS boss, Fred 'The Shred' Goodwin doesn't want to and won't give back his £650,000 pension. I think his bluff should be called - it was bad enough letting him have this when RBS needed 'only' £20 billion or so in government loans; but now the full extent of the disastrous mistakes by RBS under his leadership have become clearer, how can anyone say that this type of reward is justified.
Back in Leith tonight, a good example of the type of businesses that OUGHT to be supported. Went to the opening of the Leith Business Exchange - I met a lot of small and medium business people who are working really hard to get through the current economic downturn, and to make sure they get out in a better position at the end. They're the ones that need to be encouraged - people working their guts out to make a success; some will do well, others won't - but none of them will be getting or will expect to get the multi-million rewards, for failure, which some of the big bank bosses enjoyed.
Thursday, February 26, 2009
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2 comments:
well maybe if the labour government had checked the details of his contract before signing off on his pension then he wouldn't have got such a good pension.
But i guess Gordon 'no more boom or bust' Brown didn't bother with such trivia.
Of course if labour did believe in checking the details maybe we wouldn't have spent 7 billion on Iraq.
So can we claim back the wages and pensions paid to Labour MPs?(After all Blair alone gets 160,000 a year from the taxpayer.)
Keep pressing on this one.
It is inconcievable that any mistake of similar scale in a public sphere would go unpunished. A captain who crashes his ship, or a doctor who kills his patient would suffer public humiliation and the end of thier career. A banker who destroys a bank is no different?
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