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Friday, March 18, 2011

The "People's" Bank

Congratulations to the Royal Bank of Scotland (RBS), the 83% taxpayer owned bank, for once again proving that they are the "people's" bank.

Not only do they reward their CEO, Stephen Hester, with a "low" (his words, not mine) package of £7.7M but they also rewarded their top five non-board executives with £21M in total last year.

However, that is not an end to their largess, they also paid £375M to 323 key staff.

Proving that, so long as you are considered by RBS to be "key", that RBS is indeed the "people's" bank!

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