RBS chief admits parents think he earns too much

Hester made the candid revelation as the Treasury Committee questioned the chief executives of The Royal Bank of Scotland, Lloyds and Northern Rock on remuneration levels and performance. Despite this Hester defended RBS' pay structure, including his own pay package which is potentially worth £9.6m over three years, the BBC reports. Hester was keen to stress that due to depreciation in the bank's value his compensation was worth far less than suggested, as it is linked to the bank's share price. Shares in the bank, which is 84% owned by the taxpayer, have tumbled to 34.7p after suf...