Tuesday, April 14, 2009

Shareholders vote against RBS pay


Good to see shareholders taking an interest in their companies.

Onésimo Alvarez-Moro

See article:
More than 90% of Royal Bank of Scotland shareholders have voted against the bank's pay and pensions policy at its annual general meeting in Edinburgh.

RBS, which does not have to make any changes as a result, said it was a "substantive" protest vote at Sir Fred Goodwin's £703,000 a year pension.

During the meeting, one shareholder called him a "benefits scrounger".

See full Article.