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RBS bosses braced for shareholder rebellion over pay report [CNBC]
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RBS bosses braced for shareholder rebellion over pay report Johnny Green - PA Images | PA Images | Getty Images A woman walks past the headquarters of the Royal Bank of Scotland in the City of London. outgoing CEO Ross McEwan 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 ($451,053.75), amounting to 35% of his £1 million base salary. His pay packet also included a £1 million fixed share allowance and a £1.1 million long-term incentive award. RBS branch staff typically receive a pension allowance of around 10%, as does newly-appointed Chief Financial Officer Katie Murray The bank, which is still 62% owned by the taxpayer, has faced resistance from the Investment Association (IA), which has 200 members collectively managing over £7.7 trillion ($9.92 trillion) in assets, along with shareholder society ShareSoc and shareholder advisory body PIRC. Earlier this month, ShareSoc
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