R.B.S. Slashes Bonus for Chief Executive
Royal Bank of Scotland announced on Thursday that it would pay its chief executive, Stephen Hester, an all-stock bonus of £963,000, or $1.5 million, less than half what he received last year. The bank, which is 82 percent owned by British taxpayers, had come under pressure from the country's prime minister, David Cameron, to rein in bonuses for top executives.
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