Investing

RBS Chief, Under Attack, Turns Down Bonus

RBS CEO Stephen Hester joined the ranks of financial firm chiefs who have been attacked for out-sized compensation packages. Opponents argue that bailed out firms should not pay their managements well. The reaction to comp packages on Wall St. have caused protests across the US

Hester was to get a pay package of $1.5 million in RBS shares. He thought the better of it when labor unions and some members of the British government attacked him and his own chairman Philip Hampton walked away from his package

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