Today's news headline: RBS pension deal 'not justified' (BBC) - "The size of former RBS chief Sir Fred Goodwin's pension is not justified, Scottish First Minister Alex Salmond has told Holyrood."
One of hundreds of news items criticising the £693,000 pension (today's figures) Sir Fred Goodwin will receive from Royal Bank of Scotland.
News headline, 13th October 2008: RBS' Sir Fred Goodwin falls on his sword (This is Money) - "... his departure will be cushioned by a pension pot of £8.4m, worth £579,000 a year."
One of hundreds of headlines stating that Sir Fred had left RBS and mentioning his pension six months ago.
News headline, 14th February 2009: HBOS announces £10billion loss (The Mirror) - Lloyds share price loses a third in value in a day.
News headline, December 12th 2008: "HBOS investors vote for Lloyds TSB merger" (The Times) detailing HBOS's losses of over £8 billion.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
