Bank boss is overpaid - parents
October 20, 2009
The chief executive of Britain's Royal Bank of Scotland, who stands to make almost £10 million (R121m) if the bank's fortunes recover, admits that even his parents think he is overpaid.
Amid a public outcry over bankers' bonuses, Stephen Hester last week acknowledged his salary was incomprehensible to many.
"People might moan about how much money pop stars make, or the pay of (English) Premiership footballers, but they tolerate it because they're sources of fun and entertainment," he told the Daily Mirror.
"Even my parents think I'm overpaid. That's not to say they're not proud of me, but it's a long way from the world I grew up in." - Sapa-AFP
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