Editorial
Bankers step back
ROYAL Bank of Scotland chief executive Simon Hester last week bowed to mounting public pressure and agreed not to accept the million pound bonus he was about to be awarded. He will be no means be hard up because of this — his pay deals since 2008 have amounted to over £11 million. But he expressed bewilderment at why the people of this country would begrudge him the extra million after he had “turned around” the fortunes of RBS after it was taken over by the government of Gordon Brown after the dismissal of Fred “the Shred” Goodwin.
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[ Bankers step back ]