WHEN Stephen Hester, the chief executive of the Royal Bank of Scotland, turned down his bonus of £963,000 last week, it was widely seen as an inevitable capitulation to growing public and political criticism.
Sir David Higgins, the chief executive of Network Rail, turning down his bonus of £340,000 yesterday is more likely to be seen as a move designed to prevent the criticism from starting in the first place.
On the right track with decision to refuse bonuses
WHEN Stephen Hester, the chief executive of the Royal Bank of Scotland, turned down his bonus of £963,000 last week, it was widely seen as an inevitable capitulation to growing public and political criticism.
Sir David Higgins, the chief executive of Network Rail, turning down his bonus of £340,000 yesterday is more likely to be seen as a move designed to prevent the criticism from starting in the first place.
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Don't show me this again.