RBS’s profits offer the boss some shelter from shareholders

Ross McEwan faces some hard questions at the bank’s AGM this week. At least he has some good news to fall back on

It is unlikely Royal Bank of Scotland chief executive Ross McEwan expected the positive results announced in April to quell anger among a significant body of his shareholders.

That anger is anticipated to become clear on Wednesday at the company’s annual meeting in Edinburgh, when a vote is expected on setting up a new shareholder committee that would give investors power over the pay levels of senior executives.

Continue reading…