
Upholder of standards in public life
I heard John Prescott having a good old rant about Fred Goodwin yesterday on Radio 4. Leaving aside for a moment the irony of JP accusing someone of being greedy, what kind of person is Goodwin?
No shame, no contrition and a big “Get it right up you” to the taxpayer who has picked up the tab for his incompetence and his near £700k annual pension. This is a man who has a personal fortune of some £30 million and does not care about his personal reputation enough to forgo further riches.
No big charitable donation.
No reduction or modification to his outrageous fortune.
This was the man who appeared in front of the Treasury Select Committee recently and said he was “sorry” for the financial mess he’d helped create.
Sorry my arse.
Nick Leeson brought Barings bank to its knees by gambling a few hundred million and losing it. Leeson was hunted down, tried and sent to prison.
“Sir” Fred Goodwin brought RBS to its knees by gambling billions and losing it. Goodwin’s “punishment” has been retiral at 50 with a pension of £700k a year.
Pass the sick bag.
Filed under: Money and Finance, Uncategorized | Tagged: fred goodwin, john prescott, rbs | 6 Comments »