LONDON (AP) — U.K. politicians are fuming about a bonus of nearly a million pounds ($1.5 million) given to the chief executive of Royal Bank of Scotland, which cost the U.K. government 45 billion pounds to bail out and nationalize three years ago.
Stephen Hester, the current CEO, was brought in to rebuild the bank and, for his work, the board of directors has decided to award him 3.6 million shares. But at a time when the government is hitting Britons with painful spending cuts and tax hikes, the question of bonuses in nationalized companies like RBS has become sensitive.
"Some bankers have decided not to take a bonus this year, like the chief executive of Lloyds," Deputy …
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