RBS execs to divvy up £6m in share awards

http://www.guardian.co.uk/business/2013/feb/12/banker-millions-wont-save-lives?CMP=twt_gu This sums the situation regarding exec pay much better then I ever could

This Bank obviously has a unethical culture and by the way it is still behaving with respect to the derivatives scandal it has a long way to go. Rather than reward failure, CEO Hester should be relieved of his post. He has not suceeded in the cleaning up the RBS culture which must be step 1 in rehabilitating this bank. Libor manipulation and the shameful ethics surrounding selling derivatives to small business were all taking place on his watch. Hester must go!

Stephen Hester has done a great job of stabilising the ship that was on the verge of sinking and deserves every penny that he earns, in fact he should be paid 5 times more in my view. That said, I agree the culture has not altered materially and beneath him you still have those hell bent on the growth trajectory from the old regime.

Famous quotes : Mike Morley of Coutts says " Over engineered risk processes also seem to hold us back from delivering the client experience". What does that mean.

Rory Tapner, CEO Wealth says " We have to increase the number of cash funnels into the business". What does that mean.

This is still prevalent across the business and the "one blink and too many steps backwards will be taken" theory is still at large and competing for space. Perhaps Mr Hester has done all he can and cannot hold the horses back and maybe a more traditional banker such as Sir Peter Burt, with team, should be brought in to add a little gravitas. Time alas is running out for Mr H.

I cannot get worked-up about this LIBOR rigging. It would only have had a tiny, probably unmeasurable effect on my mortgage. RBS are amateurs, the real villains are the Government and the BoE.