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Wednesday's Quote of the Day

10:09 UK time, Wednesday, 13 January 2010

"If you asked my mother and father about my pay they'd probably tell you it is too high" - Royal Bank of Scotland boss Stephen Hester on his £10m pay package.

Giving evidence to the Treasury Select Committee on Tuesday, Mr Hester admitted even his own parents think his pay is excessive. He told the committee he was aksed what it would take for him to do the job and all he said was that he would be content to be paid the "going rate". As the papers point out, it's that "going rate" that bothers people.
More details (Independent)

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