LONDON — The Royal Bank of Scotland, Britain’s largest government-owned bank, said chief executive Stephen Hester has been awarded a stock bonus currently valued at $7.2 million under a long-term incentive plan.
The award comes on top of salary and a previous bonus, bringing his potential compensation for 2010 to more than $12.4 million.
Bonuses are a hot topic in Britain, where the Big Four banks — Barclays, RBS, Lloyds Banking Group, and HSBC — agreed to rein them in. But that deal has been criticized for lack of enforcement.
