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Article: RBoS chief on GBP 3.44m a year
- Article from:
- The Scotsman
- Article date:
- March 26, 2004
- Author:
CopyrightCopyright 2004 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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FRED Goodwin, the chief executive of Royal Bank of Scotland, was
awarded an GBP 870,000 rise in his remuneration last year, bringing
it to GBP 3.44 million, it has been revealed.
The bank unveiled details of his pay package yesterday, in its
annual report to shareholders. It showed Mr Goodwin received GBP
898,000 in salary and fees, a GBP 990,000 bonus, about GBP 28,000 in
benefits, and GBP 1.53 million under a performance-related incentive
plan.
The total payout exceeded last year's record remuneration for an
executive in Scotland - also held by Mr Goodwin - of GBP 2.58
million.
City analysts said the package is not expected to result in
objections from shareholders at the bank's annual ...