Coronavirus Update: Our team is here to help our clients and readers navigate these difficult times. Visit our Resources page now »

Skip to Main Content
by Derek Loosvelt | February 02, 2010

Share

The Royal Bank of Scotland, that U.K. bank that nearly went under at the height of the financial crisis, has decided on a bonus structure for its top performers that the bank admitted in a letter to its shareholders is "unlikely to please everyone."

The letter also detailed the structure, which does give RBS' heavy hitters stock bonuses, but the stock is able to be sold within 12 weeks (as opposed to forcing it to be held over a period of years as some banks in the U.S. have done in order to at least give the appearance that they have heard regulators and voters' disapproval over monstrous cash bonuses).

The move was made, according to RBS, in order to keep top performers from defecting to competitors.

Share

Filed Under: Finance

Want to be found by top employers? Upload Your Resume

Join Gold to Unlock Company Reviews

Newsletter
Don't Miss Vault's Newsletter

Career advice, tips, and updates on Covid-19.