Robert Peston
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Robert Peston on outrage at RBS boss's bonus

A £963,000 bonus in shares awarded to Royal Bank of Scotland boss Stephen Hester has been strongly criticised.

Lib Dem minister Jeremy Browne said Mr Hester was "a public servant" and should turn down the bonus while the Unite union said it was "disgusting".

Labour said government pledges to curb executive pay were "utterly worthless".

The bank is 82% owned by UK taxpayers and the company which runs it for the government said the bonus reflected Mr Hester's work 'towards rebuilding RBS'.

The BBC's Business Editor Robert Peston has more.

  • 27 Jan 2012
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