Sir Philip Hampton, chairman of RBS, the majority state-owned UK bank, has been awarded £1.5m of share options, on top of a £750,000 salary, it emerged on Monday. The news comes shortly after the row over disclosures that Sir Fred Goodwin, RBS’s former chief executive, is receiving a £693,000 annual pension. RBS has also ignited controversy for paying staff bonuses of up to £950m for 2008 despite its £20bn-plus taxpayer bail-out. Sir Philip has been awarded options over about 5.1m shares at 29p each vesting in three years.

This entry was posted by Gwen Robinson on Tuesday, March 3rd, 2009 at 4:52 and is filed under Capital markets, People. Tagged with rbs, Sir Philip Hampton. Edit this entry.