laughing all the way from the bank....

RE: Oh come off it!

Are you for real?

 

http://www.thedailymash.co.uk/polit...wn-refuses-to-hand-back-pension-200902271606/

 

Is his pension performance related?

Or was it a pay off to get shut of him?

 

Can I just say that nobody on this board

Would give any money back on a pension that has been agreed already regardless of whether they had been part of a big **** at work.</p>

Nobody, never ever, all the way to the bank wearing a dress and that.</p>

Nobody.</p>

So get off your high horses and think for a little.</p>

 

Correct, but...

... if the government was not contractually obliged to sign up for this pension deal does this not bring into question the calibre of the ministers (and their lawyers) and ultimately the Prime minister. Blair mustbe pissing himself, preside over 10 years of ultimately unsustainable growth and get out just in time to leave his arch rival holding the baby.

 

No I agree

That there have been massive mistakes but to think that he's going to give any money back is stupid.</p>

To be honest though the mistakes of RBS can't be put at one mans door. They have a massive number of employees and to think that one man takes the sole blame is again idiotic.</p>

The Govt are making a scapegoat of him and I don't blame him for taking the money and running, then sticking 2 fingers up when they ask for it back.</p>

 

Which is exactly my point above.

 

RE: Oh come off it!

Nope.

The man is, not a complete fecktard, but single minded in his approach.

He drove through what he beleived in, and then started believing his own hype.


Started doing deals too quickly and with not enough checking.

He then progressed this culture within the whole organisations.

Quick wins, low hanging fruit. Chasing wins today rather than sound business tommorow.

The culture was rife within the organisation. Make any kind of quick sale or quick saving and damn the consequences in terms of quality, service or infact whether there is profit to be made.


This is the culture of a world run by accountants and this is what Sir Fred did to RBS.

And in the end his mentality has been the end of the bank

 

RE: Can I just say that nobody on this board

I don't think it's so much the refusal to hand it back as the getting into that position in the first place. That's a grotesque sum to negotiate from an organisation that regularly puts the screws on people who are struggling and I doubt he bargained it down.

Outrage is also directed at the other members of that smug little group of mutual back-scratchers occupying the heady heights within that organisation.

I don't think you'd get those people handing over their keys to their homes and moving their kids into shabby rented accomodation this weekend to agree that they should get off their high horses when complaining about people like this. Likewise my mate who's about to go bankrupt due to their abuse of the trust placed in them.

 

Although I understand what the banking system as a whole

Has done for the economic meltdown we are currently in is one point but to put the entire blame at one mans door is another.</p>

I feel for some people who are in state at this time and yes the amount of money he is getting is sickening to see especially after the crisis has been made public but the ones on this board who are getting on their high horse and saying he should pay it back are completely barking mad.</p>

 

RE: Oh come off it!

He was the head man, he must accept responsibility.

He was getting paid millions for a reason, that being that ultimately it was his responsibility to get things right.

He got things wrong, he must pay the price.

You would and I would.

We'd be out on our ear with nothing to show for it.

 

RE: Although I understand what the banking system as a whole

As I said, I think most of the outrage is directed at him getting himself into that position in the first place. I don't see much calling for him to return the money.

 

The call for the return of the money is from the government

who gave it him in the first place as part of his 'settlement' package

 

And last night news was full of it...

I just think the whole sorry episode stinks.</p>

Browns on his last legs and the last few weeks have been the final nail in his coffin. This to be me now seems like siege mentality from the govt and I don't buy it for a second.</p>

And I can't believe I'm saying that against a labour govt.</p>

 

Scary innit?

</p>

We can't wait to see the back of this government and the alternative is.........</p>

That reminds me. I must get my passport renewed.</p>

 

Sounds like a plan

I hear Somalia is good this time of year.

 

RE: Can I just say that nobody on this board

I had to laugh at the justification he has given for getting the pension early,'I gave up my share options'.....not so daft then after all

 

Apparently the Pension Fund Trustees (whoever they are)

... would be breaking the law if they withheld his pension.

 

He was quite happy to take the credit wasn't he?

After all, what was the reason for him getting such a large renumeration? Presumably he secured that based upon a the misrepresentation of "how great he was." What is not he problem with "laying all the blame at one man's door."

We see far too many "golden hand shakes" dished out to people that should be fired. Clearly sir Fred SHOULD have been fired, but by letting him "retire gracefully" - the bank has obviously made a gigantic financial cockup.

 

RE: He was quite happy to take the credit wasn't he?

As someone said the other day,the Captain of the Titanic sailed that boat expertly for 4 days before he hit the iceberg,he deserves some credit for that