Partner Article

RBS boss ?should get pension'

51.3% of Britain’s bosses think that ex RBS Chief Sir Fred Goodwin should keep hold of every penny of his £17million pound pension package.

According to members of management careers site, TheLadders.co.uk, just 11.5% of British bosses think that Sir Fred should give his full pension back whilst 37.2% say plough some back into the ailing bank. In the opinion poll, 26% of respondents say that Sir Fred should decide himself where he wishes to spend his money whether on himself or his family or enjoying life stress free.

21.8% say that he should invest a significant amount into charity or charitable donations whilst 24.3% say invest the money in a grant to help the unemployed find news jobs.

Bosses are less charitable towards the financial community however with just 8% saying that the money should go back into RBS and the banking system to train future employees. A very small percentage of those surveyed cited a life of recreational gambling and other “unusual” leisure pursuits as a suitable investment for his gains.

Derek Pilcher, Managing Director of TheLadders.co.uk says: “Sir Fred Goodwin’s pension deal has divided opinion; particularly when negotiating a good pension as part of their employment contract is important at senior level.

“Many bosses agreed that a contract is a contract and little can now be achieved by giving it back. Many also cited that the other party signing Sir Fred Goodwin’s pension agreement is as responsible.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .