Ex-RBS bosses may be sued over Goodwin pension - papers

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The former chairman of Royal Bank of Scotland, Sir Tom McKillop, and other former board directors could face legal action for agreeing a £16m "golden parachute" pension for Sir Fred Goodwin, reports The Guardian .

At an often fractious meeting of the Treasury select committee, ­McKillop and former RBS director Bob Scott were blamed for allowing Goodwin to retire at 50 rather than forcing him to resign. As a result Goodwin's pension pot was doubled. The assertion by John Kingman, chief executive of UK Financial Investments, the body which manages £37bn of taxpayer funds in banks, exonerated Lord Myners, the City minister whose judgment has been questioned. Goodwin has insisted Myners approved the pension payout agreed over a fraught October weekend when RBS was on the verge of collapse. The minist...

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