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    Graham Smith May 21, 2009

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            House of Commons - Banking Crisis: reforming corporate governance and pay in the City - Treasury

            hansard Fred Goodwin
            Cyted by
            Graham Smith on May 21, 2009

            this Sr Fred is as big a crook as Gordon Brown - I think

            10. We asked former chief executives of some of the UK's largest retail banks about the size of their reward package. Sir Fred Goodwin, former Chief Executive of Royal Bank of Scotland (RBS), told us that his "salary for 2008 would be £1.46 million" but that he would be receiving no bonus payment for 2008.[11] In 2007, Sir Fred earned approximately £4.1m of which around two-thirds was in the form of bonus payments. Andy Hornby, the former Chief Executive of HBOS, was paid a £1.9m salary in 2007. Mr Hornby similarly indicated that he would not receive a bonus payment for 2008. Mr Hornby also revealed that, following his departure as Chief Executive of HBOS, he had "a short-term consultancy arrangement with Lloyds TSB" worth £60,000 per month. John Varley, Group Chief Executive of Barclays, was paid £1.075m in 2008.[12] Mr Varley told us that "the executive directors are not receiving a bonus for 2008".[13] Eric Daniels, Chief Executive of Lloyds Banking Group, had a salary of £1.035m in 2008,[14] which he described to us as modest.[15]

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            House of Commons - Banking Crisis: reforming corporate governance and pay in the City - Treasury

            hansard FSA
            Cyted by
            Graham Smith on May 21, 2009

            shows what they are thinking