Another U.K. Banking Chief Forgoes His 2012 Bonus

29 Jun

Reblogged from Observer:

Click to visit the original post

Royal Bank of Scotland chief executive Stephen Hester will give up his bonus in 2012, after technical glitches in the last week left thousands of customers unable to access their accounts. It's not the first time Mr. Hester has forgone pay: He turned down a $1.5 million stock award for 2011, and a larger amount still in 2009.

News of Mr.

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