Sir Philip Hampton said that, relative to other bankers, the rewards offered to RBS chief executive Stephen Hester – who last week waived a £1 million bonus after coming under public and political pressure – were not high.
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Head of RBS says bankers are overpaid
THE chairman of the Royal Bank of Scotland said bankers' pay is too high and needs to be "corrected" as labour leader Ed Miliband warned people in the industry must wave goodbye to the culture of excessive bonuses.
