RBS chief Stephen Hester has said it was “uncomfortable” to work at the bailed-out bank whilst suggesting the Government’s 82% stake in the bank was slowing down its recovery.
Speaking at the Manchester Business School, Hester said he had ‘underestimated how intense, critical and long lasting’ the spotlight would be on the bank, The Guardian reported.
The chief of the bailed-out bank also lashed out at the “commentariat” of politicians, media and commentators whose outcry forced him to waive his near £1m annual bonus.
“No company has had a greater kicking or is subject to greater hostility from the commentariat … It is uncomfortable to work at RBS,” he said.
“One of the biggest rewards of returning the business to health will be the richly deserved sense of respect and accomplishment it can restore among staff.”
Hester added his motivation for staying on at the bank is to “prove the critics wrong”.
