US$1m a year pension for LIFE!

[Chewy]

Former CEO of RBS gets US$1m pension for life after reporting huge losses. Claims that government knew about the pension figures and refused to give part of it up.

 

Lose money and he still gets a fat pension till the day he dies? Bad management, failed at his job, incurred massive losses for company=huge pension? Does he have a heart? It's the people's money here if I'm not right?? WOW...

 

Link to full article

 

 

Really live up to his name... Goodwin.

[Potheader]

goodwin for the win!

[Ravinged]

That's the problem with a lot of US companies... more evidently the car manufacturers, FMCG and banking sector. Most of them offer "lifetime support" after a staff has retired, being paid monthly until they die and enjoy staff purchase prices for house brands.

 

 

[Drive_carcar]

It's not going to happen if the Brit govt can help it.

 

It's simply immoral that a CEO should be "rewarded" in such a situation.

[Carndablues]

I wouldn't be surprised if his family hooks him up to a life support system so that he doesn't "die" for the next 100 years!

[Thestig]

They should only pay him at the end of the year, and on the 364th day, send an assassin to

[Acemundo]

this is british.

[Osiris]

Let's look at it in a different way.

 

You were performing well and your company promote you and give you a modest pension w/o condition when you retire. But for the few years before you retire, U didn't perform as well for various reasons including health reasons.

 

Does anyone have the right to disallow your pension claims?

 

I think the company's practice of excessive rewards should be blamed not the person claiming pension.

 

[Porche]

same with our millionaire elites also mah

[Zyrofillica]

banks are the ones to blame. All those banking institutions, board of directors and the lot should be shot!

[Peqasus]

guess sg not bad. lose money jus keep previous remuneration nia. never milk for life.

[Creative_tec]

Former CEO of RBS gets US$1m pension for life after reporting huge losses. Claims that government knew about the pension figures and refused to give part of it up.

 

Lose money and he still gets a fat pension till the day he dies? Bad management, failed at his job, incurred massive losses for company=huge pension? Does he have a heart? It's the people's money here if I'm not right?? WOW...

 

Link to full article

 

 

Really live up to his name... Goodwin.

 

I am a former RBS employee... all i can say is he is really a good guy, someone who you will want to work for.

 

Felt quite sad when he was being made to step down! Human beings have short term memory, only look at the mistake he made, but never look at the things he achieve for the bank!

 

I blame all these happenings to those hedge funds!

[Shilin_87]

but den, no matter how good a guy/boss/employee u were, if ur company is on the brink of bankruptcy, it still doesnt make sense to be getting such a BIG FAT HUGE pension. it shows that the company still has lotsa money n cash stashed away, hence the govt shld not bail them out! n seriously, u've been earning so freaking much when u were the CEO alr, y do u still need so much for retirement????

[Vin002]

but den, no matter how good a guy/boss/employee u were, if ur company is on the brink of bankruptcy, it still doesnt make sense to be getting such a BIG FAT HUGE pension. it shows that the company still has lotsa money n cash stashed away, hence the govt shld not bail them out! n seriously, u've been earning so freaking much when u were the CEO alr, y do u still need so much for retirement????

 

 

Agree. Yes, he may ba a super good guy but the bank is failing now!!! Should let the bank callapse so that we can see where he can claim the 1m every year...