Now, I’m the first person to say that failure shouldn’t be rewarded, I’m also of the opinion that when you sack someone they should get as little from the company as possible, because after all you’re sacking them for a reason! But odious as it may be to those who feel that anything over 20k is a huge amount of money, Fred the Shreds pension plan isn’t all that unreasonable when compared to over CEOs, and let’s make absolutely no bones about it – If the Government change the law to raid his private pension, they’ll be able to use it to raid anyone’s pension fund. We all know how ‘seriously’ Brown took private pensions when he trashed them in the last few years of the 20th century, don’t let anyone fool you with this petty class and money politics that stealing the ex-RBS chairmans pension is anything less than a step toward facism. The law should not be used against people in this way. Ever.
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