Government May Force Ex-Bank Chief to Surrender a Chunk of His $23 Million Pension Pot


	Government May Force Ex-Bank Chief to Surrender a Chunk of His $23 Million Pension Pot

lovemorgul

2-26-2009 4:25 PM

273 views

tags:

financial crisis, uk, money, business news, economy

1 Comment |

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2-27-2009 6:33 AM

blueridge

It will speak volumes if they do not do this in the U.S.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1b2b9075-0bdc-4c0b-aaae-8a44ba36ed07/71F6AF31-E427-4713-8D40-FFC006EB540B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.money.co.uk/article/1002945-government-may-force-ex-bank-chief-to-surrender-a-chunk-of-his-16million-pension-pot.htm" href="http://www.money.co.uk/article/1002945-government-may-force-ex-bank-chief-to-surrender-a-chunk-of-his-16million-pension-pot.htm" style="font-size: 11px;">www.money.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002945-government-may-force-ex-bank-chief-to-surrender-a-chunk-of-his-16million-pension-pot.htm"><B>Ex-RBS Chief Executive Sir Fred Goodwin may be forced to surrender at least some of his £650,000 a year-lifelong pension entitlement after RBS made the  biggest loss in UK corporate history.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002945-government-may-force-ex-bank-chief-to-surrender-a-chunk-of-his-16million-pension-pot.htm"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.money.co.uk/img/DD8241E6-B734-474B-946F-40EA25F9BD07" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002945-government-may-force-ex-bank-chief-to-surrender-a-chunk-of-his-16million-pension-pot.htm"><P>The former Chief Executive of bank-in-crisis RBS looks set to lose a substantial chunk of his £650,000 a year pension pot – either voluntarily or by force.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002945-government-may-force-ex-bank-chief-to-surrender-a-chunk-of-his-16million-pension-pot.htm"><P>According to reports, the Treasury are currently looking at the legalities of ‘clawing back’ some of his £16 million pension deal which was agreed when he left his position at the bank in disgrace last year.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/71F6AF31-E427-4713-8D40-FFC006EB540B/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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