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Former R.B.S. Chief Bows to Pressure to Cut Pension

Jun. 18, 2009
Fred Goodwin took a cut of more than 50 percent after months of public outrage following the government bailout of Royal Bank of Scotland.
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LONDON, Feb. 27 (UPI) -- Former Royal Bank of Scotland executive Fred Goodwin said British Financial Services Secretary Paul Myners approved his $1 million annual pension pay.
Britain asks RBS exec to cut pension pay

Britain asks RBS exec to cut pension pay

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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler