Lord Mayor impressed on IOM visit |
The Lord Mayor of London says the Isle of Man makes a very important and often overlooked contribution to the city. Alderman David Wootton was speaking after delivering the Chief Minister’s International Lecture at the Sefton Hotel. His visit included briefings on various sectors of the Island’s economy and finance sector regulation. Alderman Wootton admitted he was surprised at the diverse range of business based on the Island |
Saturday 28th January 2012
RBS chief Stephen Hester’s £963,000 bonus criticised |
A £963,000 bonus in shares awarded to Royal Bank of Scotland boss Stephen Hester has been strongly criticised. Lib Dem minister Jeremy Browne said Mr Hester was “a public servant” and should turn down the bonus while the Unite union said it was “disgusting”. Labour said government pledges to curb executive pay were “utterly worthless”. The bank is 82% owned by UK taxpayers and the company which runs it for the government said the bonus reflected Mr Hester’s work ‘towards rebuilding RBS’. |
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