Bonanza at the top
SENIOR executives at the Royal Bank of Scotland are to more than double their pay in return for an average performance.
Around 20 executives will get a bonus of one and a half times their salary if the bank reaches the average profits performance of other banks.
This is in addition to existing bonus schemes worth up to 100 percent of salary.
Special bonuses are also being paid to celebrate the banks takeover of NatWest last year.
Chief executive Fred Goodwin collects 814,000, and Sir George Mathewson, executive deputy chairman, will grab 759,000.
Other board members include Sir Iain Vallance, also the chair of BT.
Three other directors shared 2.75 million.
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