Another investor, Kenneth Cramond, said the board was “morally bankrupt” and called for the remuneration committee to resign. The Royal Bank of Scotland's management board survived a possible shareholder revolt over executive pay, however, the bank did warn that there were difficult times ahead and that there will further cost cutting. RBS said it would cut its dividend by 25 per cent to £2.20 in an attempt to stem losses from bad loans and other charges.
The Royal Bank of Scotland's management board survived a possible shareholder revolt over executive pay, however, the bank did warn that there were difficult times ahead and that there will further cost cutting. RBS said it would cut its dividend by 25 per cent to £2.20 in an attempt to stem losses from bad loans and other charges.