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Rbs Chief Stephen Hester Set For £9.6m Incentive Package

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RBS chief Stephen Hester set for £9.6m incentive package

By Kelly Macnamara, Press Association

Monday, 22 June 2009

Royal Bank of Scotland is set to reveal a £9.6 million pay package for its chief executive, it was reported today.

The taxpayer-backed bank has won the support of shareholders for its long-term incentive plan for boss Stephen Hester, according to the Financial Times.

It is understood that RBS persuaded UK Financial Investments (UKFI), which controls the Government's more than 70 per cent stake, as well as other large shareholders at a meeting last week.

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This nonsense no longer surprises or even particularly annoys me.

The mistake is to think these people have any sense of decency or proportion. They do not. I emphasise that because it is hard for normal people to imagine how this is possible. Its a good thing in a way, what makes you human is the bit of your mind that suspects they secretly might. But this isn't the last reel of Return of the Jedi and Darth Vader doesn't feel a damn thing, he'll just casually chop your head off with his lightsaber and get on with dominating the universe in peace.

Brett Easton Ellis wrote a very clever satirical novel on this theme. Just because its satire doesn't mean anyone is joking though.

They'll either be stopped eventually or they'll keep doing it (just like the 'psycho' in fact).

Probably just keep doing it, so don't let them mess up your blood pressure as well as everything else.

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