No, that's not a rhetorical question, but it does lead to two others.
What kind of mindset leads to someone authorising an annual pension of £650,000 for a man who has presided over one of the biggest banking failures in British history? And what does it say about Sir Fred Goodwin that he accepted such an outrageous pension? The answer is simple in both cases. It demonstrates that those who led RBS to the brink of failure have learned little from the experience and believe that it's business as usual.
Sir Fred Goodwin should be shamed into renouncing this pension, and if he has no shame, then Parliament should act to take it away from him.