Monday, June 22, 2009

How Banking Works

Stephen Hester giving evidence to the House of Commons Treasury Committee in February...."I do think banking pay in some areas of the industry is way too high and needs to come down and I intend us to lead that process."

In today's news....Royal Bank of Scotland is this week expected to approve a pay package worth up to £9.6m for its chief executive Stephen Hester.

Surely they are not one and the same man ? He's got bigger pockets since the start of the year.


  1. OK my recent suggestions about a revolution seems to have fallen on stoney ground. Perhaps a more traditional Roman system would gain more support. Feed them all to the lions?