Very few people have sympathy with former RBS boss Sir Fred Goodwin. He brought RBS to the brink of disaster yet managed to walk off with a substantial pension, though all of the £ 693,000 annual payment was not derived from RBS.
When he was sacked as Deputy PM, for generally being an embarrassing incompetent, he kept hold of his pension perks - including additional pension contributions from taxpayers even though he wasn't working for them. Blair even let him keep two grace-and-favour homes, while stripping him of his departmental responsibilities. At the time opposition politicians railed at Prezza's "rewards for failure".