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RBS chief executive defers pay award

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Source: Personnel Today

Issue: Jul 2 2009

Date: 02/07/2009

Publisher: RBI

RBS chief executive defers pay award

AUTHOR: Louisa Peacock

RBS chief executive Stephen Hester has decided to defer his pay award by two years to try to defuse a row over his package being too short-term focused.

Hester receives a basic salary of £1.2m, a £2m annual non-cash bonus, and up to £4.8m in share awards.

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