Royal Bank of Scotland executives are likely to face a grilling from shareholders at its annual general meeting (AGM) Thursday over pension payments for top bosses, including its outgoing CEO Ross McEwan.
div > div.group > p:first-child"> McEwan, who announced Thursday that he will step down as CEO next year after five-and-a-half years at the helm, receives an annual pension entitlement of £350,000 , amounting to 35% of his £1 million base salary.
RBS branch staff typically receive a pension allowance of around 10%, as does newly-appointed Chief Financial Officer Katie Murray. Earlier this month, ShareSoc director and RBS shareholder committee campaign co-ordinator Cliff Weight advised members holding RBS shares to vote against the bank's remuneration report.
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