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Held to ransom by the bankers: Bosses at RBS (Yes, YOU own it) threaten to quit if they can’t dole out huge bonuses

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Simon Duke
UK Daily Mail
Thursday, Dec 3rd, 2009

Royal Bank of Scotland directors were accused of holding taxpayers to ransom last night over plans to pay huge bonuses.

The board has threatened to resign en masse if the Treasury blocks the payments.

The row is over an estimated £1.5billion bonus pool for staff at the investment arm of the bank, which is largely owned by the public.

The pool is around 50 per cent bigger than last year and would give 20,000 bankers the equivalent of three times the national average salary each.

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This article was posted: Thursday, December 3, 2009 at 4:54 am

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