RBS Hester

[Massimo Giovanni]

So Hester is RBS bank chief for 5 yrs, of which bank the state (us) own 81%.

The bank carries on making losses but is now getting it back to profit however many thousand of jobs are still to go; mainly in England as he cut a deal with the SNP to safe guard Edinburgh jobs:

And despite resigning well below a pension age after just FIVE years WE are going to give him over £4.000.000 in pension!
And he thinks that is reasonable?!?

Does anyone else?

 

[chapperzUK]

No Guardian link? How dare you :winking:

http://www.guardian.co.uk/business/2013/jun/12/rbs-ceo-stephen-hester-quits

Where did you get the £4m in pension from? He will get £1.6m from being released from his contract and then can sell his 2m shares (well 65% of them) for the extra £4m, no mention of the word pension at all.