RBS boss receives whopping bonus...

Okay... so fat cat Stephen Hester is to receive a bonus of £963,000 in shares for doing such a good job at the 80% publicly owned Royal Bank of Scotland. Understandably the majority of people are disgusted that such a large sum has been awarded, especially after he has made so many RBS employees redundant and the bank's share price has slumped.

What I found particularly obscene was the fact that Hester earns more in 3 days than what a soldier in the British Army earns in a year.

But when you think about it... how are you going to employ anyone to do the job for a lot less? Apparently Hester could have earned a hell of a lot more than what he is getting at RBS elsewhere. It is a catch 22 situation... unless there is a fundamental change to the pay of all senior execs - I can't see anything happening. It can't happen. And that is pretty depressing...

Rant over.