Telegraph
... pride of place must go to the bank bosses: to Adam Applegarth, 46, who took Northern Rock over the edge and still walked away with a severance deal worth £63,000 a month and who has a pension fund worth more than £2 million from which he can start drawing at 55; to Andy Hornby, who was paid £630,000 in 2007 to run HBOS, augmented by an ''incentive'' of £1.7 million, and who drove it into the wall; and to Sir Fred Goodwin, chief executive of RBS, who was paid about £30 million in his 10 years with the busted company and left with a pension pot worth £8.4 million.
Between 2003 and 2007, the basic pay and cash bonuses (excluding share-based payments) of just five bank chief executives totalled over £52 million.
Even though the banks are virtually nationalised, some executives still have expectations of high salaries and bonus "incentives", as though the pay is not enough.
Between 2003 and 2007, the basic pay and cash bonuses (excluding share-based payments) of just five bank chief executives totalled over £52 million.
Even though the banks are virtually nationalised, some executives still have expectations of high salaries and bonus "incentives", as though the pay is not enough.
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