To allow Stephen Hester to choose the date of his own departure from RBS Group

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To allow Stephen Hester to choose the date of his own departure from RBS Group

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'Hester, for all the legitimate criticism over pay and bonuses at RBS, has struck many outsiders as a decent man doing a tricky job in an ugly industry. He is a long way from fitting the caricature of a fat-cat banker.'

Nils Pratley. The Guardian.

The removal of Stephen Hester as Chief executive is bad business & bad politics because:

- He is respected and admired by his 126,000 staff
- He is a 'decent man' (see above) in an industry in need of them
- His has returned the bank to profit

He is RBSG's best chance of success, therefore, he is the British publics best chance of a decent return on its investment.

He should be allowed to leave on his own terms; i.e. when he has lead the organisation through a successful re-privitsation.

As the majority shareholder the government should exercise its right to overturn the boards decision to compel Stephen Hester to commit to a specified tenure and accept he has earned the right to decide the point of his own departure.

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