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Greedy RBS Bankers

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Uploaded on Jan 12, 2010

12th January 2010. Stephen Hester (born 16th December 1960), the chief executive of Royal Bank of Scotland, has said his parents think that he's paid too much money. The subject of bonuses dominated Mr. Steven Hester's one-and-a-half hour grilling before the cross-party group of MPs. He would not comment on the total bonus pool the bank will pay, which has been estimated at £1.5bn and will be decided next month. Mr. Hester added that RBS said the bank remains a prisoner of the market despite being 84per cent owned by the taxpayer. The banking industry has invited on itself scrutiny over bonuses, describing his policy at RBS as paying the minimum we can get away with in the market place. Hester himself stands to get £9.7 million as his personal bonus. Another fine example of greed from the bankers this time. PUBLIC DOMAIN News item.

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