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Sir Fred Goodwin to shred a third of his pension
Sir Fred Goodwin, former chief executive of the Royal Bank of Scotland, yesterday agreed to hand back more than a third of his yearly £555,000 pension.
A deal was agreed by RBS, the Treasury and UK Financial Investments that will see Goodwin now take home a mere £342,500 a year.
Goodwin - known as ‘Fred the Shred' - led RBS to a full year loss of £24bn in 2008, a corporate record that forced the bank to accept a government bailout of £45bn.
Post Date: June 19th, 2009
A deal was agreed by RBS, the Treasury and UK Financial Investments that will see Goodwin now take home a mere £342,500 a year.
Goodwin - known as ‘Fred the Shred' - led RBS to a full year loss of £24bn in 2008, a corporate record that forced the bank to accept a government bailout of £45bn.
Post Date: June 19th, 2009
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