Why Fred Goodwin Hangs Onto His Pension.

I was on the James Max show on LBC on Sunday afternoon, and James very kindly gave a plug to 'Death Force', and also mentioned it on his blog. I was struck by how many calls we got on the Fred Goodwin story. There is a lot of anger out there about his pension. I wonder why he hangs onto it, rather than, say, donating it to charity. He must have a few million tucked away, so he isn't going to be short of cash. Why spend the rest of you life as a national hate figure? I suspect he hasn't come to terms yet with the fact that he was a failure at RBS, and handing the money back would, in effect, be conceding that.