RBS Chairman: Bonus Backlash Came Out Of Nowhere

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The Royal Bank of Scotland Group PLC's chairman on Friday acknowledged that the bank had miscalculated the public and political reaction to the £963,000 (around $1.5 million) bonus in shares awarded to Chief Executive Stephen Hester, who subsequently turned down the payment..."We knew it would be a difficult reaction, but the speed and scale of it took us by surprise," Mr. Hampton said in a briefing with reporters. [WSJ]

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