Hester waives bonus
Issued : 30 January 2012
RTE
MORNING BRIEFS - Stephen Hester, the chief executive of RBS which is 80% owned by the British state, has waived a controversial £963,000 bonus which was due on top of his £1.2 million salary. RBS' Ulster Bank subsidiary is currently looking for 950 redundancies which saw the Irish Bank Officials Association add its voice to the cacophony of political and public criticism of Mr Hester in the UK which has now borne fruit.
