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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...
19 Mar 2009
This post is from a series of posts in the group:
A community for discussing technology trends, views and perspective in global transaction banking
Diederick Van Thiel