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RBS chairman waives share-based bonus
January 28, 2012 / 2:01 PM / in 6 years

RBS chairman waives share-based bonus

LONDON, Jan 28 (Reuters) - Royal Bank of Scotland’s Chairman Philip Hampton will not pick up a share-based bonus, the part-nationalised bank said on Saturday, amid a backdrop of public anger over a 1 million pound ($1.6 million) stock bonus for its chief executive.

“Sir Philip Hampton will not receive the 5.17 million shares he was awarded in 2009 when he joined RBS,” said a spokesman for the bank, which is 83 percent owned by the British government after a state bailout during the 2008 credit crisis.

In 2010, Philip Hampton received a basic salary of 750,000 pounds, with no extra performance bonus or benefits added on top of this.

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