Pot and kettle?

The furore over Sir Fred "The Shred" Goodwin's pension - £650,000 a year apparently, is somewhat reminiscent of Steve McClaren's £2.5m payoff after being sacked as England football manager. And the answer is the same - he is getting what he is contractually entitled to. Whether it was sensible for RBS to enter into such a contract is a different question, but they did, and Sir Fred is getting no more than his due. And if we're talking about people being paid for failure, then the politicians who presided over the whole mess are scarcely in a position to point fingers.