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Criticism mounts of RBS bonus for CEO (AP)

Britain — January 27, 2012 at 22:09

A sign of RBS, Royal Bank of Scotland, is seen at its office in the City of London, Friday, Jan. 27, 2012. RBS bank's board of directors have awarded the bank's CEO Stephen Hester 3.6 million shares for his work over the last year, worth about 963,000 pounds ($1.5 million) based on Thursday's closing share price, although 82 percent of the bank is owned by the British government after recent financial bailouts. (AP Photo/Sang Tan)AP – U.K. politicians are fuming about a bonus of nearly a million pounds ($1.5 million) given to the chief executive of Royal Bank of Scotland, which cost the U.K. government 45 billion pounds to bail out and nationalize three years ago.

 

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