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Royal Bank of Scotland boss Stephen Hester has been strongly criticised for his bonus of close to £1m.
The UK taxpayer owns 82% of RBS afterthe governent bailed out the bank at the end of 2008 - when it reported the largest annual loss in UK corporate history of £24.1bn. For RBS, which can trace its history back almost 300 years, that was its first full-year loss. It subsequently made a loss of £3.6bn loss in 2009, and £1.13bn in 2010. Mr Hester - who took over running the bank from Sir Fred Goodwin in November 2008 - has said he is in the midst of implementing a five-year plan to restore the state-owned bank to normality. He takes his £1.2m base salary, and was awarded £6.5m worth of shares as a bonus last year What have been some of his achievements?....Read more here--: BBC News - What has Stephen Hester achieved?
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