News May 25, according to media reports, the Royal Bank of Scotland recently issued to the four executives close to five million pounds worth of stock bonuses, it is likely to incite the public's acceptance of aid banks pay excessive criticism of the new round.
In accordance with the bonus plan, Royal Bank of Scotland Americas Ellen Alemany operations will be nearly 600 million shares of the bank stocks, based on the closing price last Friday, the stock value of approximately 2.4 million pounds. The other three executives, including head of corporate banking Alan Dickinson, and Chris Sullivan as well as the chief administrative officer Ron Teerlink.
Vice-Chairman of the British Liberal Democrats Vince Cable said the Royal Bank of Scotland is a bonus behavior "completely unjustified, it is absolutely unacceptable."
Earlier this year, Royal Bank of Scotland a few weeks after receiving government assistance, announced plans to staff of nearly one billion pounds prize money, which triggered a political storm. Royal Bank of Scotland in 2008 a loss of as much as 28 billion pounds, are being forced to accept government aid. At present, the British Government to hold the bank more than 70% of the shares.
May. 25, 2009
