Some interesting points:
- Royal Bank of Scotland chief executive Stephen Hester has turned down his controversial bonus, worth nearly £1m.
- The board felt Mr Hester had earned the bonus for the way he had made RBS a less risky organisation.
- Earlier this month, RBS announced it would cut 3,500 jobs from its global banking division. The cuts will mean RBS has removed 11,000 employees from its staff, almost halving its 2007, pre-credit crunch headcount of 24,000.
- Shares in the bank have fallen 36% in the last year, falling 2% on Monday's open.
What do you guys make of this then?
Posted: 2012-01-30 09:40:16