what do you think about it?

i think the politicians have a cheek - they expect a pension after they retire having fucked up the country

 

Its his pension.

I cannot see any reason why he should give it up.

You could sack the board of directors that gave him the job or set his pension in the first place but you cannot change the rules after the game has finished.

 

I think they are going a bit OTT on it.

 

+1

 

Have i got this right RBS came crying to the government for a bailout the governments injected alot of cash into the bank 70% of the bank now owned by the tax payer and this blokes gave himself a pig fat pension with are money ?

 

Wasnt it 450,000 pound a year he would be getting.the cheeky cooont.

 

i think it's now (or will soon be) 84% as it goes.

 

£673,000.00 to be exact.

Monsterous amount of money for a guy who sent his business down the bog.

 

Fooking disgrateful

 

he had an £8 millio pension pot

the bank was able to give him another £8 million if they wanted to, at their descresion

the government knew it was there but are now saying that if they had know it was based on the banks signing it over on a volentary basis they would have stopped it as they though it was compulsory

someone didn't read the contract and his mates gave him a big lump of cash

how theythink they are going to get any of it back it beyond me, it's a legally binding contract and it's just the politicians covering their arse by being public about making a noise

 

I heard on the news this morning that it was 450,00.Its gone up the greedy bastard.

 

Great if it was mine

Steve

 

i heard it was £693,00

whatever it was i think most would say ta very much,i know i would.its those who agreed and authorised it thats at fault

 

Is Gordon gonna give up his pension, cos his light regulation and setup useless FSA, partly caused the mess.
Forget Fred's pension, Gordon's tax on pension funds has f**ked up alot more ordinary peoples' company pensions, just waiting for the big penny to drop on that one!

 

it is 690 something thousand i dont agree to what this guy has done but he did what he was payed to do which is sell finance to people who couldent pay it back and ended up with a huge pension at 50

 

What do you class as "fucked up"? Mugabe fucked up or....?

 

Im in 2 minds over this. His Pension clearly was linked to how the company did under his tenure, you an bet if it was a 20something Billion profit he'd be getting a damn site more!

Its £30K a month after deductions. What sort of lifestyle does he actually lead? That's more than the average wage! Whether the gment will pursue legal avenues to remove a lot of it remains to be seen


However, as Nick said at the top, Blair gets a nice pension as will Brown and they've pretty much duo-ed to kill the country by being slack twats. And I'd point that a lot of other compamies employees. (Normally anything with a Union) don't always give their best in exchange for a decent pension. As noted it's the amount of money that annoys people rather than what he did.

Question: Did Nick Leeson get a pension from Barings? realtively similar in that one mans actions/leadership directly led to a catastrophe.

 

lucky his pension isnt performance related, coss he'd get fuck all................

 

Well there are LOTS of people that are shit at their jobs.. but their earnings still count towards a pension scheme! ,,, if he could afford that as a pension, can you imagine what his actual salary must have been


that said, an interesting point raised on the news was.
technically the company went bust.. so in theory he should get fook all.
however our taxpayers money has bailed the company out, as it was a rather important one (apparently )

to be honest, its 6 and two 3's. i imagine it will all just die down in a week or so,
and noone will ever know!? lol

 

i think the amount of money he is getting is disgusting he lost more money than any body else in uk banking history & he,s still screwing us over after he,s gone ,he should,nt get any thing .

 

I think its disgusting personally but it just sums this country up, the rich just keep on getting richer while the ordinary people are left to struggle on in the midst of this huge fuck up.
I'm no financial wizzkid but even i know that if you keep ending money to people who cant afford to pay it back, sooner or later there's going to be a problem!!

Surely, as it was tax payers money that saved the bank, we should have a say in wether he gets this pension??

Have to agree with the above though, i think all the fuss thats being made of it at the moment is just politicians trying to make themselves look like they care and after a couple of weeks, it'll all die down and we'll never hear any more of it!!

 

Fact is hes only getting his pension because the uk government bailed out RBS.

If it was another sort of business and it went under he would not of got that pension at all.

 

So he's retired and has 8 million pounds in the bank... thats more than enough to give him an amazing lifestyle in the last 20-30 years of his life. Should pull the plug on the 12k per week that he's creaming off just now IMO.


Cheers,
Grant

 

£16 mill in his pension pot, the guy earns about £1400 a day, nearly as much as the under aged sexy lady in that post