Pounds 9.6m for the boss of a bailed-out bank? What sickening proof that the City fat cats have learned nothing
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Summary
AMID all the foolish decisions made by Gordon Brown's Government in recent weeks, none is more likely to rile the taxpayer than the one to give a potential pay package of Pounds 9.6million to Stephen Hester, the new boss of the Royal Bank of Scotland.
If ministers thought that they could sneak through the deal unnoticed while people were focused on the scandal of MPs' expenses, the election of a new Commons Speaker and the announcement of an inquiry into the Iraq War then they were sorely mistaken.See the full content of this document
Extract
Pounds 9.6m for the boss of a bailed-out bank? What sickening proof that the City fat cats have learned nothing
How can such a pay deal have been allowed for the head of what is Britain's most broken bank? Before anyone forgets, the Royal Bank of Scotland (RBS) is now 70 per cent owned by the taxpayer, having been bailed out to the tune of several hundred billions of our money.
Absurdity It received tens of billions of pounds under the 'special liquidity sch...See the full content of this document
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