RBS Chairman goes in to bat for his CEO

Philip Hampton, Chairman of The Royal Bank of Scotland (RBS), staged a robust defence of his management team at the state-owned lender's annual general meeting on Wedenesday.

Philip Hampton, Chairman of The Royal Bank of Scotland (RBS), staged a robust defence of his management team at the state-owned lender's annual general meeting on Wedenesday.

Noting that the new management team is three years into transforming the company from a basket-case into a company that can be returned at a profit to the private sector, he highlighted two key challenges that faced the team when they inherited the mess left by the previous management crew.

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