.....over past decade while bosses reap rewards
Three of the five largest UK banks have lost shareholders’ money over the past decade, while awarding huge pay increases to chief executives. Figures underline how bank bosses have been quick to accept bumper rewards, while delivering terrible returns. The news comes as state-backed Lloyds and Royal Bank of Scotland prepare to unveil combined losses of up to £6bn later this week.
The worst for shareholder returns is RBS which has shed 91 per cent of its value since 2000, followed closely by Lloyds with an 85 per cent fall according to analysis from financial website The Motley Fool. This is in sharp contrast with the soaring pay and perks enjoyed by those in charge....Read more here--: Three of the UK's five largest banks have lost shareholders' money over past decade while bosses reap rewards