RBS Chief’s £1.6 Million Pension: Taxpayer’s Foot Bill

If you thought the size of Sir Fred Goodwin’s £703,000 pension was big, then think again. Royal Bank of Scotland (RBS) (LON:RBS) chief, Larry Fish’s is to receive £1.6million, that is more than twice the amount of Sir Fred’s.

That works out at more than £30,000 per week for Larry Fish, who was the former chairman and chief executive of RBS’s US arm Citizens he retired last year. This means that the taxpayer is now paying for his pension, how can this keep going on.

RBS

Moon full

cannot say that Mr. Fish put into the pension, as it is 98 per cent unfunded. This means that most of the money will come from the bank’s earnings, as they are now sate controlled; it is you and I who will pay for his pension.

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