Stephen Hester Bonus
January 30, 2012 by staff
Stephen Hester Bonus, The statement came after Stephen Hester, the Royal Bank of Scotland’s chief executive, bowed to mounting public and political pressure and agreed to waive his £1 million bonus.
But asked whether the Prime Minister was happy to see other RBS executives receive million-pound bonuses, a Downing Street spokeswoman said: “What we are not going to be doing is micro-managing.
“This Government has taken action to ensure that bonuses are responsible, they are much lower, there is a cap on cash bonuses of £2,000 and we are reforming the whole system.”
It was “a matter for individuals” whether they choose to accept any bonus they are offered, said the spokeswoman.
She added: “The Prime Minister’s view was that he wanted the bonuses to be lower. He always made it clear that it was a matter for Mr Hester whether he took that bonus or not, and that should remain the case.
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