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    No it is not Howard.

    The money paid in salary for this man is from RBS commercial activities. As taxpayers we want a return of the bail-out cash that was secured by share acquisitions. Taxpayers will benefit from dividends that arise from the profits of those same commercial activities that pay the Chief Execs salary. The level of those dividends depend on the decisions and leadership of the RBS Chief Exec. Additionally taxpayers will be repaid the bail-out cash from the sale of RBS shares, the value of those shares and when that value can be realised also depend on that Chief Exec's leadership.

    If you want a monkey in charge of RBS then pay peanuts but if you want someone up to the job then you have to pay the going rate.

    The only clear case that has been made is to pay the man what the market requires.

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