Hester Comes Under Further Pressure to Turn Down RBS Bonus
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Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester came under further pressure to give up his 963,000 pound ($1.5 million) bonus after Chairman Philip Hampton waived a 1.4 million-pound shares award.
If Hester decides to claim his bonus “nobody would be happy with the government, but it’s up to him,” Pensions Secretary Iain Duncan Smith told British Broadcasting Corp.’s “Marr” program today.