Dave - Make Some Noodles

The Royal Bank of Scotland lost a record £24 Billion last year, I’m sure most people should have heard that by now. This is the biggest loss in UK corporate history.

The man behind it all Fred Goodwin is still to recieve his £650k per year pension as a well done pat on the back. This is simply disgraceful, if any employee of a company caused losses of hundreds or even thousands they would be severly repremanded. Possibly even losing their job. But if you are a senior director of a bank you get a pat on the back!

Senior directors of big British companies are almost never sacked, no matter how badly they perform. Some may think that such custom-and-practice is obscenely favourable to incompetent chief executives, but that’s just how it is.

here’s a joke I heard on the radio:

Whats the difference between a bank and a computer?

**when the bank crashes you can’t fix it with ctrl-alt-delete**

Some say mr. goodwin should lose his pension or at least have it severly reduced due to the performance of the bank. Where is the incentive to do well if with £24billion lossess you still get such a huge pension?

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