-
-
Re: Long but good read on why the Brits are toast!
In the same week that news came out, it emerged that the former chief executive of RBS, Sir Fred Goodwin, had, at the time of the October bail-out, asked for and received a doubling of his pension pot before he would agree to leave the bank. This took his pension pot to £16 million, which will pay out £693,000 annually for life. Why did the government go to such lengths to secure Sir Fred’s acceptance of his own departure, rather than just sacking him? Why did they agree to the doubling of his pension pot? We don’t know, but it’s almost certainly because, when the deal was done, everyone was so preoccupied by the question of whether the British banks would stay solvent that Sir Fred’s pension was the last thing on anybody’s mind. Anybody’s, that is, except Sir Fred’s.
Un-f-in-believable. Hey who's doing that Costa Rican thing? any updates? -
Re: Long but good read on why the Brits are toast!
Is this the same article as was posted earlier by kingzog on iTulip at It's Finished?Originally posted by Mega View PostMost folks are good; a few aren't.Comment
For a concise, readable summary of iTulip concepts developed over the past 16 years and a vision of a challenging next decade and how to navigate it, read Eric Janszen's book "Post Catastrophe Economy".
Join the discussion of today's events with a wide range of professionals with an interest in economics and finance. Register to join our 50,000 plus member registered community from 78 countries today.
Subscribe to iTulip Select for access to the longest running, deep, accurate, and unvarnished macro economic trends analysis and forecasting available, since 1998.
- If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.
Working...
Tweet
Comment