The news tonight that ‘Fred the Shred’ Goodwin, the disgraced former CEO of Royal Bank of Scotland, is already receiving a £650,000 per year pension, which will continue for the rest of his life, is the final kick in the balls for the British tax payers who are now having to bale out this ridiculous man’s greed, arrogance and managerial incompetence.
If the remaining private sector directors of Royal Bank of Scotland do not give immediate undertakings that they will commence emergency proceedings against him for breach of his fiduciary responsibilities towards the bank and its shareholders; take proceedings to freeze this pension fund in the interim period, and then take the most aggressive legal action against Goodwin to claw back this immense pension fund, they should be sacked by Alastair Darling tomorrow, and a criminal investigation task-force formed by the SFO to begin investigations against Goodwin for alleged criminal recklessness in his management of RBS.
This appalling man must not be permitted to profit from his breathless ineptitude.
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