Cameron calls into doubt FT report on RBS boss's compensation

published 19 January 2012

Speaking at a press conference in London Prime Minister David Cameron has called into question a report that Royal Bank of Scotland chief executive Stephen Hester will receive a bonus of between £1.3m and £1.5m as "not accurate," Marketwatch.com is reporting.

Cameron told the journalists which were present that the largely state-owned bank's remuneration committee has not yet met and that no decision has been taken.

He also reiterated the government's policy on bonuses, which limits them at £2,000 at all levels.