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The massive awards executives give themselves
-- even when their companies do badly -- has long been an embarrassment for both political parties, particularly when it happens at banks which had to be bailed out to the tune of several tens of billions of pounds in the wake of the credit crunch. Last year Hester accepted a roughly 2 million pound bonus after his company reported a 1.1 billion pound loss for 2010, although that figure was an improvement on the catastrophic losses suffered by the bank in previous years. Hester's bonus may have fallen by just over half, but it is still more than 36 times a Briton's average annual wage.
[Associated
Press;
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