Wow, wouldn’t we all like the opportunity to receive a bonus of nearly £1 million? Well I have to say that RBS has done a great job of ‘shooting itself in the foot’ and a time when it is working hard to regain its credibility sfter bad judgements in the past and pay back some of the £43 billion it owes to its public taxpayer investors for bailing it out.
The news today that RBS will pay Chief Executive Stephen Hester £963K in shares as a bonus does little to abate the anger of those of us who still believe that all bankers should wear sackcloth and ashes for a long time to come. And this is on top of Mr Hester’s basic salary of £1.2 million per annum. The same bank has made over 30,000 people redundant.
We all know it’s a tough (and probably thankless) role and I doubt there are many people qualified and capable of doing it but isn’t it time we got things into perspective and stopped over-paying executives. Perhaps we should tackle footballers in the same breath.
APA
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