Bank Pensions

EDM number 1214 in 2008-09, proposed by Michael Meacher on 30/03/2009.
Categorised under the topic of Financial institutions.

That this House notes that Sir Fred Goodwin has been awarded a pension of £703,000 a year even though he presided over a 95 per cent. fall in the stock market value of the Royal Bank of Scotland when he was Chief Executive leaving the bank with a deficit of £28 billion, the biggest corporate loss in British history; and believes that bankers' pensions should be calculated on the appropriate percentage of accumulated lifetime earnings, and then adjusted in the same proportion as the change in the value of the company under their watch.

This motion has been signed by a total of 24 MPs.

MP	Date	Constituency	Party	Type
Michael Meacher	30/03/2009	Oldham West & Royton	Labour	Proposed
Kelvin Hopkins	30/03/2009	Luton North	Labour	Seconded
Lynne Jones	30/03/2009	Birmingham, Selly Oak	Labour	Seconded
Andrew George	31/03/2009	St Ives	Liberal Democrat	Seconded
Ann Cryer	31/03/2009	Keighley	Labour	Seconded
Mike Hancock	31/03/2009	Portsmouth South	Liberal Democrat	Seconded
Dai Davies	01/04/2009	Blaenau Gwent	Independent	Signed
Martin Caton	01/04/2009	Gower	Labour	Signed
David Chaytor	02/04/2009	Bury North	Labour	Signed
David Drew	02/04/2009	Stroud	Labour	Signed
John Mason	02/04/2009	Glasgow East	Scottish National Party	Signed
Jim Devine	20/04/2009	Livingston	Labour	Signed
Betty Williams	20/04/2009	Conwy	Labour	Signed
David Hamilton	20/04/2009	Midlothian	Labour	Signed
Alasdair McDonnell	20/04/2009	Belfast South	Social Democratic and Labour Party	Signed
Harry Cohen	21/04/2009	Leyton & Wanstead	Labour	Signed
Mark Williams	22/04/2009	Ceredigion	Liberal Democrat	Signed
Mark Durkan	22/04/2009	Foyle	Social Democratic and Labour Party	Signed
Andrew Dismore	22/04/2009	Hendon	Labour	Signed
John McDonnell	22/04/2009	Hayes & Harlington	Labour	Signed
Lindsay Roy	23/04/2009	Glenrothes	Labour	Signed
Michael Clapham	24/04/2009	Barnsley West & Penistone	Labour	Signed
Linda Riordan	29/04/2009	Halifax	Labour	Signed
Brian Jenkins	30/04/2009	Tamworth	Labour	Signed

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