LDV readers say: government should stick by pension promise to Sir Fred

by Stephen Tall on March 17, 2009

Two weeks ago – at the height of the political storm surrounding RBS’s Sir Fred Goodwin’s £693,000 £703,000 a year pension pay-out – LDV asked our readers: How do you think the issue of Sir Fred Goodwin’s RBS pension should be resolved?

Here’s what you said:

>> 15% (45 votes): The government should legislate to claw back a large part of Sir Fred’s pension
>> 29% (89): The government should instruct that Sir Fred be paid a minimum amount, and he should sue if he wants his full entitlement.
>> 52% (160): The government should abide by the agreement entered into between Sir Fred and RBS and sanctioned by its own business minister
>> 4% (12): Don’t know / Other
Total Votes: 306. Poll ran: 2nd-16th March 2009

So a clear majority of readers reckoned Sir Fred should keep his pension, though Hywel’s comment probably summed up the general mood:

“Do you think Sir Fred is entitled to his £650,000 a year RBS pension?”

Entitled yes, deserves no.