Jan 30

Hester’s £35.5m pay deal fuels renewed anger over excess (The Independent, Jan. 29, 2012):

Stephen Hester, the chief executive of Royal Bank of Scotland, is in line for an extra payout of £3.3m which would dwarf his controversial bonus of £963,000, it emerged last night.

Disclosure of the staggering figure amounts to political dynamite as the Prime Minister fought off suggestions that he should veto the near-£1m bonus, announced last week, for the boss of the taxpayer-owned RBS.

The extra bonus of £3.3m, revealed yesterday, would be on top of the £35.54m total remuneration package Mr Hester has received since joining RBS in 2008.

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