Quandry

[Imgormiel]

Well, well, well...Sir Freddy (god love him) Goodwin has taken his 'pension' of three million pounds after leading his bank the Royal Bank of Scotland to the dogs. And it seems the British public are up in arms about it, quite rightly, after we bailed the bank out through our taxes and made it a state owned bank.

BBC NEWS | Business | RBS boss 'has taken £3m lump sum'

But given his position and the governments on this matter, what would you do?

A) Take the money and tell the government to shove their opinion up their arse - which it seems he has done.

B) Get a lawyer

C) Move country

D) Forego the money - as Gordon Brown has asked him to do

E) Negotiate

Bear in mind this pension agreement was made before the credit crunch crisis and then paid after the Government/tax payer bailed the bank out.

 

[old.Tohtori]

Depends on my personal wealth really.

If i'm loaded, i'd take the money and give it to charity :lol:

Seriously though, just fore go it if there's enough cash already. Which i think he does.

 

[Mey]

If he is entitled to his pension I don't see why he shouldn't take it.

 

[Thorwyn]

Well... for a start, I don´t think that *anyone* should be payed that much for his work, regardless of what he does. He might be a top manager in a top position and with a lot of responsibility, but there´s NO chance that his job is worth that much. It´s just ethically wrong, considering all the poverty and unemplyoment people, the poor wealthfare and the unequal treatment of poor compared to wealthy people.

We have similar cases in Germany. One pretty well known case is the former chariman of the german post, Mr. Zumwinkel, who claimed his 20 million Euros pension after he had been sentenced by the court for defraudation of taxes. It´s simply disgusting.

If he is entitled to his pension I don't see why he shouldn't take it.

Humility?

 

[Mey]

But we live in a capitialist society, we encourage sucess and personal wealth. If he has earnt enough money for his pension to be worth that much then fair play, let him have it.

I highly doubt it is "tax payers money" anyway as the bank no doubt has a seperate pension trust.

 

[old.Tohtori]

But we live in a capitialist society, we encourage sucess and personal wealth. If he has earnt enough money for his pension to be worth that much then fair play, let him have it.

Yeah, i talked about this before.

People want other peolpe to succeed, get wealthy, love if their papy or sister get a raise(no matter the reason) and so forth, but whoop here comes a random bloke whos only crime is to be in the public eye(most likely due to an irked co-employee) and it's not right

 

[Bahumat]

I say take the money and fuck everyone else.

 

[Aoami]

Hows he got a £3million lump sum when the pension limit is £1.65million?

Fucking rich people and their loopholes and special rules.

*****.

 

[Amanita]

If I were him, I'd have done A.

Not like he's gonna be getting work again.

 

[Marc]

Take the money. Right or wrong its his. Plus, I didnt hear the government squealing when he was making epic profits and the government were getting their cut.

I love this "its all the banks fault for this recession". Is it bollox. The consumer, borrowing more than they can afford to repay, also has to have some of the blame.

 

[Thorwyn]

People want other peolpe to succeed, get wealthy, love if their papy or sister get a raise(no matter the reason) and so forth, but whoop here comes a random bloke whos only crime is to be in the public eye(most likely due to an irked co-employee) and it's not right

Nope, it´s not a random bloke in the public eye.
We´re talking about people who

a. decided gamble with money that´s not their own
b. lost the money
c. crashed their company and thereby
d. crashed the life of hundreds or thousands of employees
e. have the cheeks to ask for more money while foremntioned former employees are now out there on the streets, searching for a new job to pay their f*cking rent.

I don´t give a flying f*ck whether or not random actor X gains a bazillion of bucks. I just don´t care. May they have all the money. I`m not jealous about their money.

But this is a different thing. Like in the case of this Zumwinkel guy... whenever someone else messes up and goes to the court, he´ll get fired afterwards and has to deal with the full consequences of his mistake. This guy on the other hand asks for even more money. I find it pretty hard to defend this moral stance.

 

[old.Tohtori]

To be honest, defending "morals" in this world is pretty darn easy.

 

[Huntingtons]

Take the money. Right or wrong its his. Plus, I didnt hear the government squealing when he was making epic profits and the government were getting their cut.

I love this "its all the banks fault for this recession". Is it bollox. The consumer, borrowing more than they can afford to repay, also has to have some of the blame.

but they didnt. Average common people who lent money have been paying it back no problem. Its the private sector and companies who have been loaning big time and can't pay back. Now the average person has to pay cause of higher interestrates and whatnot.

 

[Marc]

but they didnt. Average common people who lent money have been paying it back no problem. Its the private sector and companies who have been loaning big time and can't pay back. Now the average person has to pay cause of higher interestrates and whatnot.

By consumer, I meant a broad term for anyone who borrowed money off the banks. I didnt mean specifically an individual.

 

[Ch3tan]

What Marc said. The government are just as much to blame for this as the banks and the people running them. short sightedness all around. If he did not take that money, it would not go to help anyone else.

 

[TheBinarySurfer]

If I were him, I'd have done A.

Not like he's gonna be getting work again.

Sadly people will be queuing up to give him work in the near future. Watch this space! Even if he never worked again, he's been in that job for what, 5 years collecting £750k or better. Lets say he has £2-3m in his bank account (let alone in stocks/shares). Basic 4% interest on £1m is £40k per year. £3m = 120k per year interest alone, without ever touching the principal account.

I really hope they dont enact that ridiculous bill/paper off the back of this in spin - it's implications go much further than just claiming back a few million quid.

 

[Imgormiel]

Hows he got a £3million lump sum when the pension limit is £1.65million?

Fucking rich people and their loopholes and special rules.

*****.

Because actually the dood isn't retiring that's why, they are just saying it when in fact he's not actually retiring, basically it's a veiled word for severance pay in this case, which is another case why people are objecting.