27 February 2009

He's also not giving back Checkers

Disgraced, but not impoverished, former RBS chairman "Alright! Said" Sir Fred Goodwin is refusing to return one red cent of the £16,000,000 pension pot he clearly didn't earn during his 10 year stint at the helm of the now foundering, if not grounded, bank.

This means that over the decade he "worked" at RBS the company put in roughly £133,000 a month; approximately the annual salary of about five of the bank's frontline workers. Should Sir Fred suddenly discover his honour, an admittedly unlikely event, and return his ill-gotten gain perhaps the bank could use the funds to keep about 600 of the 20,000 RBS workers about to get the sack in employment for an extra year. Or maybe not.

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