New RBS chief gets £1.2m salary and £6m shares - papers

Hester, who is being given 10.4m shares, yesterday hinted the beleaguered bank was on course to make its first full-year loss. The replacement for the ousted Sir Fred Goodwin is working on a new strategy that is likely to undo much of the expansion achieved by his predecessor. His pay package was outlined in a prospectus accompanying the bank's record-breaking £20bn fundraising that could leave the taxpayer owning 60% of the Edinburgh-based bank. It shows his salary of £1.2m - a 50% rise on his pay as British Land chief executive - and the award of shares intended to buy him out of Briti...