'Pension pot' golden parachutes come under scrutiny

Mordsley, Barry; Davies, James
March 2009
People Management;3/26/2009, Vol. 15 Issue 7, p34
The article examines the controversy surrounding the generous pension given to former Royal Bank of Scotland (RBS) chief executive Fred Goodwin. It outlines some of the questions raised regarding his pension, which almost doubled from £8.37 million to £16 million. The RBS board decided to fund an enhanced pension payment to Goodwin and to give him the option of retirement rather than being terminated, driven by the need for an orderly handover and to secure his goodwill.


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