Gordon Pell will receive £582,000 a year after stepping down at the end of the month. He is the last of the Fred goodwin era and as a retiring director of the Royal Bank of Scotland will receive a £13.5m pension pot.
A little about this guys talent:
He was formerly group director of Lloyds TSB UK Retail Banking before joining National Westminster Bank Plc as a director in February 2000 and then becoming Chief Executive. He was also a member of the FSA Practitioner Panel and deputy Chairman of the Board of the British Bankers Association in September 2007.
What a great track record of poor performing banks (OK Nat West, not too bad. Smaller and easier than RBD and Lloyds though) and agencies. Well worth the money. You are paying for it.
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