It was Wanless who failed in his responsibility to rein in that reckless gambling.
The government’s holding company, UK Financial Investments Ltd, is the majority shareholder in both RBS and Northern Rock. Based on the pensions data below, the taxpaying public as shareholders are funding a £14 million plus pension for Wanless. Does Brown think his friend Derek Wanless should be so rewarded given his catastrophic failure in his responsibility to exercise oversight of the risk?
Graphic credit : Paul Waugh
*Based on standard 20 x multiple.