Taking the Fall

Today's burning news in the UK is that the ex-boss of Royal Bank of Scotland, Sir Fred Goodwin, has walked away from his failed bank with a pension pot of £16 million, which will pay him £650,000 a year, every year, until he drops. As he is only 50 and normal life span for a British male is 77 years, that tots up to a cool £17.5 million.

You can read all the sordid details here.

This story makes The Leaders Poole because it strikes me as a leadership issue. If you messed up in your area of leadership as badly as Sir Fred has, would you take the fall, or try and clean up before they booted you out?