Stephen Hester

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The Independent Online

In yesterday's article, 'We're all in it together? Company bosses enjoy £500,000 pay increases' (11 August 2010), we included percentage increases of salary for various executives. In the case of Stephen Hester, CEO of RBS Group, we stated that the percentage was 648.2%. This was wrong as it was based on 2009 salary comparator which was for a few weeks only, as he had then recently arrived at the group. In fact he did not receive an increase in salary, or a bonus, at RBS which we are pleased to make clear.

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