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RBS to amend bonus scheme amid shareholder protest RBS to amend bonus scheme amid shareholder protest



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Old 04-28-2010, 11:56 PM
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Post RBS to amend bonus scheme amid shareholder protest
At today’s AGM in Edinburgh, the Royal Bank of Scotland (RBS) bowed to shareholder pressure over its bonus scheme for Stephen Hester, stating it would toughen performance targets. At the meeting, RBS chairman, Sir Philip Hampton, said the board would amend the scheme, which set a target share price for Mr Hester, the bank’s chief executive. [...]

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