Royal Bank of Scotland (RBS) Proposes Almost £1m Bonus For CEO

The chief executive of Royal Bank of Scotland (RBS), Stephen Hester, is set to receive an annual bonus of less than £1m, a decision that the bank and ministers hope will defuse the intensifying row over his pay.
Sky's City editor Mark Kleinman has learned that RBS's directors agreed the payout at a board meeting yesterday.
The bonus for Hester of approximately 3m shares, half of his entitlement, will equate to between £800,000 and £950,000 at yesterday's closing share price.
It will be paid entirely in RBS stock and will be deferred for three years.