RBS unveils new bonus schedule

Mar 18 2010

Part-nationalised Royal Bank of Scotland has unveiled new bonus plans for bosses which could see chief executive Stephen Hester reap as much as £4.8 million in shares.

The bank - 84% owned by the taxpayer - published details of the long-term incentive plan in its annual report for 2009.

The new scheme is based on much tougher criteria and subject to a host of clawback measures - but could still pay out a maximum 400% of directors' annual pay in shares.