Royal Bank Of Scotland boss bows to pressure and gives up £1m bonus

[kpete]

RBS boss bows to pressure and gives up £1m bonus
Threat of Commons vote on pay may have proved final straw for RBS chief executive

Stephen Hester, head of the Royal Bank of Scotland, gave way to
heavy political pressure last night to forego his £963,000
bonus.

The final straw for the RBS chief executive appears to have been the looming threat of a vote in the House of Commons condemning the Government for failing to block the payment.

He is reported to have feared becoming "a pariah" over the controversy.

Just a few hours before Mr Hester made his decision known, Ed Miliband announced he would force a Commons vote at the first opportunity. Labour strategists were anticipating that a substantial number of Tory and Lib Dem MPs would support them, giving them a chance of defeating the Government.

MORE:
http://www.independent.co.uk/news/uk/politics/rbs-boss-bows-to-pressure-and-gives-up-1m-bonus-6296565.html

[Tanelorn]

1. Don't worry , he will be ok with the rest of his package.

[MichaelMcGuire]

2. The general public

Should be allowed to strip them

Put them in a pantomime
and every now and then shout
"Your pension behind you!!!!"
And of course it not! its really not

[aquart]

3. Poor greedy bugger.

Okay, scratch the "poor."