Archive for Fred Goodwin
The RBS Board appear to have learnt nothing and are keen to review their perks once again.
In early May RBS reported a loss of £895 million for the first quarter, which compares to a profit of £245 million a year earlier.
Stephen Hester said of the results and the likely time scale of RBS returning to profit:
‘…It’s not really in our hands, it’s in the hands of the economy and what it does to our loan books,…’
For some reason the Government and pension brokers are not pushing the new ‘Cock-up’ pension plan.
The scheme requires you do achieve a level of authority in an organisation. A level senior enough that when you wish to draw your pension, you are able to make such a significant cock-up, that your suggestion of retirement is a welcome relief to those around you.