Bank chief Hester to forgo bonus
Filed under: Investing
RBS chief executive Stephen Hester has announced that he will forgo his bonus this year because of the problems caused to thousands of customers by a failure in the company's computers.Filed under: Investing
RBS chief executive Stephen Hester has announced that he will forgo his bonus this year because of the problems caused to thousands of customers by a failure in the company's computers.
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the next year is going to be a struggle in the Hester household.
June 29 2012 at 3:23 PM Report abuse Permalink rate up rate down ReplyWell thats ok then, what about all his co directors and Senior Managers.
June 29 2012 at 1:52 PM Report abuse Permalink rate up rate down ReplyO'dear
I feel so sorry for the man must be down to his last few million life must be tough for him.
I wonder who he banks with did he get enough money to see him over the last week or so??
Colin F
he will defer it till next year.you bet.
June 29 2012 at 1:11 PM Report abuse Permalink +1 rate up rate down ReplyI think this poor man is confusing fantasy with reality. He seems to think that just because he's a Wayne Rooney lookalike he can just kick the ball into touch as if it's all a game.
June 29 2012 at 12:36 PM Report abuse Permalink rate up rate down ReplyOther people lose their job when they cock up; bankers merely lose the bonus they do not deserve anyway.
June 29 2012 at 12:32 PM Report abuse Permalink rate up rate down ReplyMy bloody heart bleeds for him, poor soul, just how will he manage?
Lets have a whip round for all these poor maligned bankers.
Well Ive got the whip, when do we go round.
June 29 2012 at 1:53 PM Report abuse Permalink rate up rate down ReplyRubbish - As usual. He is the man in the Hot Seat. HE OUGHT TO BE SACKED
June 29 2012 at 11:20 AM Report abuse Permalink rate up rate down ReplyIt's a start, but the zero bonus has to spread across and down the banks and of course other businesses.
I found my bonuses tough to earn as do my kids in pharma.
Just doing your job or having soft targets is wrong. I want to see some of these bonuses published. As a shareholder in a number of UK and Eu businesses I need to better understand what's what.
Certainly some aspects are confidential, but surely after the event, does it matter?
Included must always be, increasing shareholder value. Shares go down, then so must the bonus. Profits go down then so must the bonus. Dividends go down then so must the bonus.
Keep it simple. If a board can't get the increases, then out they must go.
Finally, no golden farewells. 6 month contracts maximum.
So who has the guts to do this? If none, then the country is really screwed. Paying for non performance isn't an option, even in the civil service, where it is rife.
Coalition - get to grips with this. Don't be gutless. There's an election coming
Very commendable except like all the other 'bonus moderating heroes,' he will more than make up for it by way of other under the counter moves, such as huge extra pension fund contribution, extra holiday, extra expense allowances etc etc . Lets not forget these guys only want to look after number one, they don't care a damn about anyone else.
June 29 2012 at 10:26 AM Report abuse Permalink rate up rate down Reply
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