19 January 2018

Devil's Advocate

Roger Elwell - Yes Please

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Disappointing Definition of Success

15 June 2009  |  3442 views  |  0

Just a quickie, but I read in the paper the other day that Institutional Investors were worried that the incentives for Stephen Hester to sort out RBS weren't generous enough, which is an interesting take on the issue of executive pay after all we've heard about the immorality of rewarding failure.

What I thought rather revealing, however, is that the report I read stated that the incentives he currently has are paid out if he can get the bank's share price up to 70p within 3 years.  I imagine that those older shareholders who have held shares since they were in the £5 to £6 bracket wouldn't define a climb to 70p to be a 'success'...

What a state of affairs...

TagsCardsRetail banking

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job title Consultant
location Colchester
member since 2008
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Consulting to the financial services industry with a specific expertise in the cards business - issuing and acquiring.

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