Here's one that's got UK politicians and the media all worked up into a frenzy.
The CEO of Royal Bank of Scotland gets just under
1 million pound at deflated share price could be worth a lot more when price rebounds... the current share price is just a fraction of what the governments paid for... so his bonus will double or triple when the government manages to breakeven... although its still a pittance compared to his US counterparts BoBo_184
No problem with that - good luck to him. Interesting the headlines most newspapers saying not good etc, Bloomberg say today that he has not taken 2/3 rds of what he was entitled to. Same story different view points. tomsk
as I've got a few RBS shares, I wish him well  Now get that price up!
Not sure why Hester is having such a rough time from the press and other quarters, after all it's not his fault the bank ended up the way it did. I think most people in his position would take the bonus too, the bloke must be under a whole lot of pressure constantly and will be for the forseeable future. Could you do his job? Or come to that would you even want it? About time people started to back him and just let him get on with the job, rather than let the jealously streak get the better of them... Thanks, Barney
Whilst I am not solely a Stephen Hester basher I do think that again the government are failing to act on what is clearly a completely inbalanced industry when it comes to renumeration. There is no other industry that pays that size of salary and bonus of the banking sector. The whole sector is completely out of alignment with the rest of the business world and they use the fact that all other bankers are getting paid highly as a justicfication for their own pay. The press should stop bashing Stephen Hester individually and focus on the much bigger issue - that the banking industry bonus culture needs addressing. I find it too ironic for words that although the bankers risk and greed caused the international financial crash of 2008 they still crave and award themselves multimillion pound bonuses when everyday people are having to make cut backs everywhere - not right! lcurrall
Now that he has turned down his bonus, do you think that by doing so is a sign of weakness, bowing down to public opinion? Personally I would have kept it....  Thanks, Barney
I dont really believe that this was Stephen Hester's decision to be honest. I think the government have given him no choice. As I said earlier, I do feel for him as he has been wrongly singled out in what is an industry wide problem. That said, it was the right decision. I bet Bob Diamond is now getting nervous about his no doubt whopping bonus coming up in the coming weeks! lcurrall
There was a pundit on the news tonight who made a great point. Now he's turned his bonus down, they'd better hope after all the media hysteria and the immense pressure he must be under job wise, he just doesn't turn round and say stick your job To try and find a replacement with a good track record who stands a chance of turning round a major bank, but knows every action will be over analysed by bar room politics, will ask for a much bigger salary to make it worthwhile, as he knows he'll never get a bonus! |
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