Simon English: Was Hester leaned on in furore over his bonus?
Thursday 02 February 2012
Outlook: Did ministers meet with Stephen Hester before he so decently agreed to give up a £1m bonus from Royal Bank of Scotland? Which ones? What was said?
Officially, government ministers are not supposed to get involved in RBS directly, due to "shadow director" rules that make it illegal for the strings of a company to be pulled by folk who aren't on the board.
The government stake in RBS is managed by UKFI; ministers are hands off.
Anyway, the line from the Treasury in response to my question is: "You'd expect the Chancellor and the Financial Secretary to speak to Stephen Hester regularly."
Would we? And at what point are lines crossed? If they can boss him around, that's fine, but it rather makes a mockery of the official position. Can we see Hester's list of appointments and phone calls for the past two weeks? I'm told it might make interesting reading...
- 1 The political parties aren't all the same – which means 2015 will be a 'big-choice' election
- 2 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Naomi Wolf reacts to Isis 'conspiracy theories' critism after she questions whether beheading videos are real
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
Three killed at South Korean nuclear reactor days after hackers target country's atomic agency
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...