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RBS chief's £9.6m incentive package

Royal Bank of Scotland is set to reveal a £9.6 million pay package for its chief executive.

The taxpayer-backed bank has won the support of shareholders for its long-term incentive plan for boss Stephen Hester, according to the Financial Times.

It is understood that RBS persuaded UK Financial Investments (UKFI), which controls the Government's more than 70% stake, as well as other large shareholders at a meeting last week.

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