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Sunday, 21 February 2010

Hester tested

Stephen Hester, chief executive of Royal Bank of Scotland, is to decline any bonus payment for 2009, which is really big of him because bonuses are for people who make profits, not for the chief executives of companies that are set to announce £4 billion losses.

Still, as an indirect shareholder through my interest in UK plc, it is nice to think that he is still motivated and thinking about his upside.

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