RBS Risks Row Over 'Unacceptable' Stephen Hester £1m Bonus

[SimonMac]

Have we done this one yet:

Taxman 'denied £500,000' as Stephen Hester waives £1m RBS bonus

[The Spartan]

It's crazy that it would have been over 50% of what he was going to be given

[DodgyAgent]

He had more sense than you - I am glad he took this opportunity to waive a million quid (much less after tax) in order to make much more long term. This sort of thinking in a banker should be very much encouraged.

So you think his decision was strategic? do explain

[SimonMac]

It's crazy that it would have been over 50% of what he was going to be given

I'd change his accountant if I was him

[AtW]

So you think his decision was strategic? do explain

He will still be able to live normal life without spending on body guards or being in hiding (like that other Sir).

He'll also make up for this temporary loss in his continued employment.

[DodgyAgent]

He will still be able to live normal life without spending on body guards or being in hiding (like that other Sir).

He'll also make up for this temporary loss in his continued employment.

He is not a "sir" and your comments presume that he has no value on the market place of jobs it is a two way relationship - he doesnt have to work for RBS. And if you were given a contract under which terms you did your bit would you not expect your employers to honour that contract?

Why on earth should he not take his bonus? What sort of message does it send out to chief executives who would lured to replace him?

[lilelvis2000]

Have we done this one yet:

Taxman 'denied £500,000' as Stephen Hester waives £1m RBS bonus

Is he liable for the tax eventhough it was being given in shares?

[AtW]

He is not a "sir" and your comments presume that he has no value on the market place of jobs it is a two way relationship - he doesnt have to work for RBS. And if you were given a contract under which terms you did your bit would you not expect your employers to honour that contract?

Bank honoured the deal but he rejected volunteraly after public pressure, he did the right thing and can continue to be in the job.

Why on earth should he not take his bonus? What sort of message does it send out to chief executives who would lured to replace him?

Very positive message for owners of banks - don't expect to get a bonus when shares go down.

[Bunk]

Bank honoured the deal but he rejected volunteraly after public pressure, he did the right thing and can continue to be in the job.



Very positive message for owners of banks - don't expect to get a bonus when shares go down.

It sends another message, don't work for RBS. I wouldn't be surprised if he says "feck it, I'm orf" pretty soon.

[Alf W]

He is not a "sir" and your comments presume that he has no value on the market place of jobs it is a two way relationship - he doesnt have to work for RBS. And if you were given a contract under which terms you did your bit would you not expect your employers to honour that contract?

Why on earth should he not take his bonus? What sort of message does it send out to chief executives who would lured to replace him?

I <choke> agree <gag> with what <heave> Dodgy Agent says <retch>.

If it's in his contract of employment then it should be honoured. If he's taken RBS from being a complete basket case to the point of being 'not great' then that's a massive improvement. The Labour party, as the people who employed him to do the job, should be backing him to get the rewards he signed up for. Milliband is guilty of weasely political opportunism.

It's when bankers award themselves tens of millions whilst sacking people in a profitable business to line their own pockets that I start getting that boiling piss thing going on. We'll save that debate for when Barclays announce their results.