The solution to the dilemma of the banker’s bonus is obvious. Mr. Hester should take it, and give it to charity. That way the contract he seems to have had with RBS is fulfilled; honour is preserved; and the money goes back to the people for good purposes.
The chair of RBS and of the remuneration committee is Sir Philip Hampton. A Sir Philip Hampton was the author of the Hampton Report on Good Regulation in 2005, which recommended principles of best practice, such as accountability and proportionality. Surely not the same man?