CPS’ Lewis Brown disagrees that Senior Executives at RBS should not receive bonuses.
To read the full debate, visit the City A.M. website.
“In a competitive global economy, businesses need to offer remuneration packages sufficient to recruit and retain the best employees. That’s even more true when that business is trying to dig itself out of a mess as abysmal as the one RBS made.
RBS’s bonus pool is down significantly over the past five years, and is 21 per cent smaller than in 2013. This may still be too high, but as chief executive Ross McEwan says, RBS must be cautious not to repel the high-performing employees it needs to return it to robust health. This is already underway: stripping out one-off costs, RBS made operating profits of £3.5bn.”
To read the full debate, visit the City A.M. website.
Date Added: Friday 27th February 2015
