RBS awards directors shares of up to £18.25 million
ROYAL Bank of Scotland yesterday sparked a political backlash by awarding its directors shares potentially worth up to £18.25 million. Although chief executive Ross McEwan has waived his annual bonus for 2013 and 2014, he has been granted a share award which could be worth up to £3m if the taxpayer-backed bank meets its targets.
The news comes a week after part-nationalised RBS announced an £8.2 billion annual loss, its sixth consecutive deficit, and pledged to rebuild trust with its customers.
Last month, RBS revealed a £576m bonus pot for staff – which does not include yesterday’s shares... read more
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