Friday, 3 April 2009

RBS pay vote looms

The (symbolic but ultimately meaningless) vote on the RBS remuneration policy is imminent. It will probably be the biggest vote against a remuneration report to date, driven by UKFI's decision to vote against. I'll post up the result when it's public. Of course the vote has no actual power, and Sir Fred can sleep easy on his money.

UPDATE: It's just over 90% against. Biggest vote ever against a remuneration report (maybe any resolution?) and the first time a bank has lost any vote.

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