Friday, 27 February 2009

That controversial pension

The Royal Bank of Scotland Plc Banca Rìoghail ...Image via Wikipedia

I was hoping that I wouldn't have to write about this subject again but as it keeps coming up I feel the anger rise once more.
I fear, I my be repeating myself but in any other occupation if you fail or misbehave, resulting in the sack you forfeit any pension accumulated throughout your working life which is a harsh but deserved punishment. Sir Fred Goodwin has not only ruined the Royal Bank of Scotland he has also ruined the lives of hard working people who saved for a WELL DESERVED pension and now with interest rates at an all time low face financial disaster as they watch their savings disappear.
It is little wonder that 100% of the population do not want Sir Fred Goodwin to receive his £650,000 a year pension made up from their taxes.
If the taxpayer have not baled out the bank and helped to clear up the mess he left there would be no money for his pension anyway. Other people's shares disappeared and they are now left with nothing so we have to ask again. WHY IF EVERYONE INCLUDING GOVERNMENT MINISTERS ARE AGAINST THIS IS IT STILL GOING AHEAD.
There was no new contract agreed with us and as the main shareholders our wishes should be adhered to. Let him sue if he wishes he hasn't got a leg to stand on. (If the public had their way that could be literally).
As this arrogant tube is a buddy of Gordon Brown are we just being led up the garden path again?
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