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
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
