Bankers overpaid, says RBS chief Sir Philip Hampton

Bankers overpaid, says RBS chief Sir Philip Hampton
 

Large numbers of bankers are paid more than they are worth, the chairman of Royal Bank of Scotland has conceded. Sir Philip Hampton told the BBC that too many average investment bankers were getting above average pay.
"The star quality, as it were, seems to filter down to people who don't seem so star quality," he said.
Sir Philip was interviewed for a documentary, Britain's Banks: Too Big to Save?, to be broadcast on BBC2 at 2100 GMT on Tuesday.
He told the BBC's business editor, Robert Peston, that investment banking had some really high achievers, people "who really do... read more

 
17 January 2011 in Business, Views: 2
Source: BBC
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