Comparisons made with RBS’s Sir Fred Goodwin
Fortis paid its sacked chief executive Jean-Paul Votron €6.3m (£5.8m) despite his role in bringing it to the brink of bankruptcy, The Guardian reports.
The bank said it had been contractually forced to pay the money to Votron. The Guardian, reproducing a photo of Votron with RBS’s disgraced former boss Sir Fred Goowin, reports: “In a reprise of the ongoing furore over Goodwin's £700,000-a-year pension after RBS recorded a record £28bn loss, small Fortis investors who have lost their life savings in the debacle have joined institutions in expressing rage about the pay-off to Votron – and the group's shrinkage.”
Fortis’ new boss Karel De Boeck said that it would be difficult to recoup the cash as it had been paid "under a contractual agreement".
