Philip Hampton isn’t going to go so far as to say Stephen Hester earned it but he is going to just put it out there that other bank CEOs get paid a lot more.  So if you think about it, Hester is barely making enough money to put food on the table. Relatively speaking.

RBS, 82-percent owned by the taxpayer, has faced criticism over a deferred bonus of 780,000 pounds ($1.2 million) that Hester is set to receive in March. But chairman Philip Hampton told lawmakers on Monday that Hester’s pay was modest by the industry’s standards. Hampton said Hester’s pay was well below the average in world banking. “Relative to other people doing these jobs his pay has been modest,” he told the Parliamentary Commission on Banking Standards. Hester, who receives a basic salary of 1.2 million pounds, chose to give up his bonus last year after a computer systems meltdown affected millions of customers. This year he was set to receive a share-based payment of 780,000 pounds deferred from three years ago. Some lawmakers have said Hester should not accept the payment after RBS was fined $612 million by British and U.S. authorities last week for its role in a global interest rate-rigging scandal.

RBS chairman says CEO’s pay is “modest” [Reuters]

15 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (15)

  1. Posted by Earl of Grantham | February 11, 2013 at 3:49 PM

    He looks like a bow-legged, second footman in that image.

  2. Posted by Mr. Carson | February 11, 2013 at 3:59 PM

    Alfred, the egg spoon is similar to the bouillon spoon only shallower. Ask Thomas what else fits in the egg spoon, only do it in private please.

  3. Posted by Im_a_Dude | February 11, 2013 at 4:02 PM

    hey, don't joke about earning enough to put food on the table. its a issue we face all the time here.

    UBS VP

  4. Posted by VonSloneker | February 11, 2013 at 4:19 PM

    You have no idea how embarassed I am that I got this reference without even seeing your name…

    – Guy who just can't stand that Mr. Barrow

  5. Posted by Sir J. Epstein | February 11, 2013 at 4:22 PM

    Go on…

  6. Posted by VonSloneker | February 11, 2013 at 4:35 PM

    13 fucks in a "Baker's Fuck", right?

  7. Posted by PermaGuestII | February 11, 2013 at 4:37 PM

    Does Hester have oddly small hands or an unusually large head?

  8. Posted by Latrell Spreewell | February 11, 2013 at 4:53 PM


  9. Posted by Guest | February 11, 2013 at 5:03 PM

    I don't care how much he's getting paid, it's too much.

    – The fox

  10. Posted by OutragedUlsterman | February 11, 2013 at 5:17 PM

    For fox sake.

  11. Posted by Buest | February 11, 2013 at 5:20 PM

    Unusually large horse in his britches.

  12. Posted by guest | February 11, 2013 at 5:40 PM

    Small hands = small, modest base salary.

  13. Posted by Fupaspotterewww | February 11, 2013 at 8:12 PM

    Nice gunt

  14. Posted by Guesto | February 12, 2013 at 12:11 AM

    Funny. Cause to me he looks like a bloated inbred pompous douchebag.


  15. Posted by Consuela | February 12, 2013 at 5:50 PM

    We need more lemon pledge.