Gov't set to sanction £1 million bonus for RBS chief

He gets a million the shareholder get a 50% drop in value............no change there then !!!

Haven't the Government said that the decision on whether a 'boss' gets a bonus should be down to the shareholders. When the Government used my tax money to fund RBS, didn't that make me, at least, a stakeholder. Shouldn't I get a vote on this then?

I'd love to think that if I made a pig's ear of my job I'd be paid extra to clear the mess up. Sadly, this only seems to apply nearer the top of the food chain.

It’s really not worth getting worked up about this anymore. Fact is that there’s a boys club at the top of the tree who are consistently able to manipulate the system to reward themselves with massive salaries and bonuses regardless of the economic arguments ands, sadly, regardless of which political party is in power.

It tells you all you need to know about the morality of the people involved in this that they can seriously propose that Stephen Hester receive a £1m bonus of taxpayers’ money in the very same week as disability benefits for children are being cut.

He did a good job it is not his fault for the mess. It is Fred fault, he bought AMRO Bank at a huge price.

Eugen, you miss the point

The shareholders didn't do anything wrong either.......but he gets £1m and the shareholders get a 50% decline in share price...how is that equitable ?

This only goes to highlight that we live and work within a broken system. Any organisation that announces redundancies, has made anyone redundant in the past few years (pick a number of years) or is in the process of a consultaion over possible redundancies should not be paying bonuses. That £1million could employee 30+ staff on a national average wage.

There are rules when making staff redundant that organisations have to follow, such as not allowing overtime in order to preserve jobs... I would like to think that if I was in his position, which is probably very well paid, I would either decline the bonus or at least use a sizeable chunk to aid a charity (allowing some to offset the 50% excessive tax on excessive earnings).

Oh and Eugen, for that level of bonus I would expect the individual to be doing better than a "good" job...

David

What make you think those shares were valued at double the price in the first place. In my oppinion RBS is over valued even now.

He is doing a 'better' job than Fred for sure. As a result RBS will become again a bank, a lot smaller but a 'bank'. It also takes time, probably it will takesp anothe couple of years, you can't get results immediately.

I am not invested in RBS as I believe the price is too high and banking, retailers and miners are not my favorite. But as a general rule, an investor needs patience.

And don't try to cut more of his salary, he will go offsick for two months and the share will go down by 20% :-)

It's like the last 3 years never happened.

We, UK taxpayers, own RBS. We bailed RBS out of the mire with billions of our money when incompetent management and lax regulation meant that it was on its knees.

It is now proposed that the CEO of RBS be given a bonus of over a million pounds - a sum that over 80% of UK taxpayers (the same taxpayers who bailed RBS out) won't earn in their lifetimes.

If RBS had shown massive growth over the past 12 months I suppose you could just about understand this - but it's still a relative basket case.