The boss of the taxpayer-funded Royal Bank of Scotland (RBS) will be paid a bonus of almost £800,000 just weeks after his bank was fined £391 million for rate-rigging.
Stephen Hester, chief executive of RBS, will be given around £780,000 in shares next month as part of a reward scheme for his performance in 2010.
The huge payout will undoubtedly anger critics of such schemes across the City, especially given its timing so soon after the Libor scandal rocked RBS.
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