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CEO of RBS backs off from collecting his 1m Pound bonus

Thread starter soikee
Start date Jan 30, 2012

soikee

Alfrescian

Loyal

Jan 30, 2012

Mr Stephen Hester, the CEO of Royal Bank of Scotland has decided not to collect his 1m Pound of bonus on top of his 1m Pound of salary
for year 2011 after he received strong criticism from the press and the general public for being paid too much.

Compared to the CEOs of peesai's banks, GIC companies and world class cabinet ministers, Stephen Hester's remuneration is 'peanuts!'

1 UK Pound = S1.97.

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