1. RBS draws up secret plan to slash boss McEwan's maximum payout

    RBS draws up secret plan to slash boss McEwan's maximum payout

    View photos More The chief executive of Royal Bank of Scotland (LSE: RBS.L - news ) (RBS) is to see his maximum pay pot slashed under plans being drawn up by its remuneration committee, reflecting directors' conviction that the lender will remain in majority taxpayer ownership for years to come. Sky News has learnt that RBS has begun consulting with leading City shareholders on proposals to reduce the long-term incentive plan award available to Ross McEwan from £3m to £1.75m from next year.

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