Saturday July 4, 2020

Ex Post Facto

One week you're having lunch with the FT, the next your board is telling you to clear out by the end of the year.

15th June, 2013
Stephen Hester: it's been a topsy-turvy month for the RBS chief executive. Photo: Bloomberg

One week you're having lunch with the FT, the next your board is telling you to clear out by the end of the year. It's been a topsy-turvy month for Royal Bank of Scotland chief executive Stephen Hester. The man tasked with turning around Britain's biggest banking wreck obviously won't be the one to steer it back on course after the Treasury re-privatises it - most likely some time next year.

The markets hated this....

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