Jenny Marra : Royal Bank of Scotland bonuses
23 January 2012
Jenny Marra has lodged the following motion in the Scottish Parliament :
That the Parliament notes with concern the Royal Bank of Scotland's (RBS) plan to pay its executives millions of pounds in bonuses; understands that RBS's share price has dropped by 40% over the past year; notes that RBS, which is still 83% publicly owned, was bailed out by taxpayers' money and that this is a time when many public sector workers are enduring a wage freeze; believes that RBS’s executives do not merit the proposed reward, and urges the Chancellor of the Exchequer to act to curb what it sees as such excessive payments.
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