VIP Close Protection

RBS Chief Executive Stephen Hester – Will his shares bonus cause security risks for the bank or his family?

Update: Since publishing this story Stephen Hester has chosen to reject his bonus.

There has been growing pressure on RBS chief executive Stephen Hester as he is apparently to be awarded around £963,000 in shares as a bonus.

The shares bonus is said to be in payment for his work in contributing towards recovering business at RBS in 2011.  The payment apparently to be paid purely in shares, which he would be unable to sell for 2 years.

The RBS Group has recently announced thousands of job cuts adding further salt to the taxpayer’s wound.

The bonus has faced some intense critism in the media and also by many politicians.  Chancellor George Osborne said the decision was made by RBS not the Government.

The Royal Bank of Scotland Group (also known as RBS Group) is currently 84% owned by the UK Government (HM Treasury).

Will this cause public uproar and lead to further protests directed at the bank or him personally as suffered by his predecessor.

Sir Fred Goodwin was subjected to attacks to his personal home back in 2009 following his departure from the bank.  Public anger about the size of pension he was awarded in his settlement package resulted in his Edinburgh home being attacked and his car vandalized.

The ex RBS boss had a team of close protection officers looking after his family and his personal protection as public anger was vented against him.

Close protection officers are experienced in executive protection providing 24 hour around the clock peace of mind.

Former RBS chief Executive Sir Fred Goodwin has also recently hit the press as potentially being stripped of his knighthood.  Sir Fred has been referred to the honours forfeiture committee who will make the final decision.