Bank Boss Agrees to Defer Gbp 3m Bonus




Summary


ROYAL Bank of Scotland boss Stephen Hester has agreed to defer part of his controversial GBP 9.6 million pay packet after it provoked outrage last week.

The chief executive, who is paid a GBP 1.2 million basic wage, will now wait five years before cashing in shares that could be worth GBP 3.4 million.

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Bank Boss Agrees to Defer Gbp 3m Bonus

The move is an att...

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