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Archive Home > 2009 > June > 19 > Former RBS executive agrees to halve pension

Former RBS executive agrees to halve pension


June 19, 2009

LONDON — The Royal Bank of Scotland PLC said Thursday that its former chief executive Fred Goodwin has agreed to halve his annual pension after outrage at the size of the payout and threats by the government to take legal action. The decision, which RBS said was voluntary, means that....

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