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Disappointing Definition of Success

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...

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