Sir Philip Hampton RBS | My Site 2564

Sir Philip Hampton RBS

Organisation

Chairman of the Royal Bank of Scotland since 2009.

RBS: £750,000 pa, plus £1.5m share option package. Sainsbury: £395,000 pa.

In December, 2009, the board of RBS warned their major shareholder, the British public, that they would resign unless they were permitted to pay bonuses of £1.5bn to staff in its investment arm. The matter received heavy criticism because it followed a £850bn taxpayer bailout of the banking system.

Salary – Bonuses – Pension etc

Previous Jobs

Facts

About the organisation

Quotes

Chairman of J Sainsbury plc 2004 - 2009. Finance director of Lloyds TSB Group plc, BT Group plc, BG Group plc, British Gas and British Steel plc, an executive director of Lazards and a non-executive director of RMC Group plc. A non-executive director of Belgacom Sa and the Board of Anglo American plc.

Hampton was knighted in the New Year Honours 2007.

A keen sailor, the father of two teenage sons has taken part in the ARC transatlantic yacht race.

The Royal Bank of Scotland Group is a global operator worth more £1.5 trillion. Royal Bank of Scotland which includes Nat West bank has around 700 branches.

The chairman of the Royal Bank of Scotland has admitted that the state-backed lender is paying big salaries to staff who are not "worth it". Sir Philip Hampton made the comment as a leading think tank predicted that City workers are set to take home £7bn in cash bonuses this year.

Sir Philip, who has previously revealed that RBS paid more than 100 bankers in excess of £1m, told a conference that the bank was "paying a lot of people who aren't worth it" and suggested that the issue could only be tackled through regulation. The Telegraph, October 2010.

Watch the interview