The Word of Gord Is Law

[Albus]

Harperson today

"Sir Fred should not be counting on being £650,000 a year better off as a result of this because it is not going to happen," she said.

"The Prime Minister has said it is not acceptable and therefore it will not be accepted.

"It might be enforceable in a court of law this contract, but it's not enforceable in the court of public opinion and that's where the Government steps in.

"http://news.sky.com/skynews/Home/UK-News/Sir-Fred-Goodwin-Pension-Harriet-Harman-Hints-At-Law-Change-To-Get-RBS-Pension-Back-From-Banker/Article/200903115231857?f=rss


So bollox to the rule of law then if Gordon says.

Astonishing.

[Albus]

1. Chuckle

[muriel_volestrangler]

2. Not sure I'd trust that bank: 597 + 114 is not equal to 693

Is there actually a story that Myners negotiated a higher amount than contractually obligated? I hadn't heard that before.

[Albus]

3. Well what do you expect from a nationalised bank?

That Lord Myners approved Goodwins pension top up has been widely reported

http://www.guardian.co.uk/business/2009/feb/26/sir-fred-goodwin-pension

[muriel_volestrangler]

4. Nothing there about the extra amount, though

If he'd been sacked, it would be less, it seems. But it's not yet clear that was 'approved' by Myners, especially as a 'pension top up'. It may have been incompetence - Myners (and the board) saying "we'll say you retired, and then we'll avoid a nasty legal fight", while Goodwin was thinking "this gets me the biggest pension possible".

[T_i_B]

7. The banks are only nationalized...

..if the private sector f**ks them up. And this has to happen as too many people lose all their money if a bank goes under.

Something that many of the tories whining and moaning about bank nationalization seem to forget.

[non sociopath skin]

5. You need to be careful, Albus. That Bulldog is pinching your ideas again ...

http://freebritannia.6.forumer.com/viewtopic.php?t=11604&sid=53771aba9dda88944b4441ad5a8fd231

The Skin

[Albus]

6. So he is!

The cheeky bastard!