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Rbs Chairman Sir Philip Hampton Says Bankers Are Overpaid

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Emma Rowley, 16:47, Tuesday 5 October 2010
The chairman of the Royal Bank of Scotland (LSE: RBS.L - news) has admitted that the state-backed lender is paying big salaries to staff who are not "worth it".
Sir Philip Hampton made the comment as a leading think tank predicted that City workers are set to take home £7bn in cash bonuses this year.
Sir Philip, who has previously revealed that RBS paid more than 100 bankers in excess of £1m, told a conference that the bank was "paying a lot of people who aren't worth it" and suggested that the issue could only be tackled through regulation.


Believe this and you will believe anything. Disengenous, patronising scum-bag.

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