RBS CEO - Up to board if he gets bonus

RBS building

Royal Bank of Scotland CEO Ross McEwan left it open as to whether he’ll take his first bonus since joining the bank in 2013

“It’s up to the board,” McEwan, 58, said in an interview on LBC radio on Friday when asked if he would take a bonus for 2015. “We’ll wait and see what the results are against a whole raft of issues, which include customer service, that includes the build-up of capital.”

Bloomberg News reports that since becoming CEO, McEwan has waived his right to an annual bonus twice and pledged to give his $1.5m fixed share allowance for 2015 to charity as he battles to return the bank to profit. RBS said last week that it plans to scrap bonuses for 20,000 staff at its branches and increase fixed pay in 2016, as the lender seeks to restore its reputation in the wake of a series of scandals.

To access the complete Bloomberg News article hit the link below:

RBS CEO Ross McEwan Doesn't Rule Out Taking a Bonus for 2015

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