Thursday, 23 May 2013

What price bank success?

Just a small thought. The Royal Bank of Scotland, which was bailed out by our money, has handed chief executive Stephen Hester a £7.7 million pay package for his fantastic work last year.

The bank managed to lose more than £1 billion but didn’t he do well?

Mr Hester and eight of his top team are sharing a bonus and shares windfall totalling £28m for 2010.

He gets a £1.2m base salary, plus a £2m bonus in shares and the chance to get a further £4.45m under a long-term incentive scheme.

How much would he get if he ran a successful bank?

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