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Fred the Shred asked to voluntarily repay £6million in RBS bonuses
- Fred Goodwin ran RBS from 2000 until it collapsed in October 2008
- Goodwin paid £6m bonuses earned at the height of the rate rigging scandal
- RBS investment bank chief Johnny Cameron also asked to repay bonuses
By James Salmon
Fred Goodwin, the disgraced former boss of Royal Bank of Scotland, faces demands to hand back up to £6 million in bonuses earned at the height of the rate rigging scandal.
The state backed bank is preparing to appeal to Goodwin and former RBS investment bank chief Johnny Cameron to voluntarily give up their awards after deciding that the chances of successful legal action would be slim.
But these efforts to ‘appeal to their better nature’ were described last night as ‘laughable’ by critics.
The news came as chief executive Stephen Hester also faced growing pressure to forfeit a £2 million bonus awarded in 2010.
Former Royal Bank of Scotland Chief Executive Sir Fred Goodwin, pictured, has been asked to repay the £6m bonus earned during the rate rigging scandal
RBS, fined £390 million for criminally rigging crucial interest rates on Wednesday, has already pledged to use special ‘claw back’ powers to recoup £300 million from staff.
But the bank believes its only option is to ask Goodwin and Cameron to voluntarily hand back some of the lavish rewards paid during their disastrous reign.
No fucking chance, The greedy bastard won’t give it back.
Philosophers stone – selected views from the boat
http://philosophers-stone.co.uk
2013-02-09 06:30:09
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