A £963,000 bonus in shares awarded to Royal Bank of Scotland boss Stephen Hester has been strongly criticised.
Lib Dem minister Jeremy Browne said Mr Hester was "a public servant" and should turn down the bonus while the Unite union said it was "disgusting".
Labour said government pledges to curb executive pay were "utterly worthless".
(...)
RBS has announced thousands of job cuts, although it recorded a £2bn profit in its most recent trading period, compared with a £1.6bn loss in the same period in 2010.
The Unite union said the bonus was "utterly disgusting and offensive" while the TUC described it as "utterly unacceptable".
The RMT's General Secretary Bob Crow said: "The Royal Bank of Scotland is owned by the country. To give someone £1m and then to give them a massive bonus on top, while public sector workers get a pay freeze and their pension contributions go up, I have got to say that is a complete disgrace. Full story...
Don't miss:
Lib Dem minister Jeremy Browne said Mr Hester was "a public servant" and should turn down the bonus while the Unite union said it was "disgusting".
Labour said government pledges to curb executive pay were "utterly worthless".
(...)
RBS has announced thousands of job cuts, although it recorded a £2bn profit in its most recent trading period, compared with a £1.6bn loss in the same period in 2010.
The Unite union said the bonus was "utterly disgusting and offensive" while the TUC described it as "utterly unacceptable".
The RMT's General Secretary Bob Crow said: "The Royal Bank of Scotland is owned by the country. To give someone £1m and then to give them a massive bonus on top, while public sector workers get a pay freeze and their pension contributions go up, I have got to say that is a complete disgrace. Full story...
Don't miss:
- Bosses' bonuses up by 187% since 2002...
- While they come for our pensions – bank bonuses are back with a bang...
- Salaries for top executives are rocketing 'out of control'
- Furious Dutch threaten bank run and put a stop to bankers' bonuses...
- CEO salaries jump a whopping 27% while workers get peanuts...
- Barclays gives £10m pay and bonus deals to two bankers!
- Crisis? What crisis? There's no crisis for the world's billionaires...
No comments:
Post a Comment