If you have not picked up the sarcasm in the title then you may want to look away… As BBC reported Royal Bank of Scotland (RBS) boss Stephen Hester rejected his £1m bonus in restricted stock, following very strong political pressure. This sent shivers down the spines of the public, mostly those that are a bit out-of-touch-with-reality and have very superficial understanding of how these things (should) work. Let me use this example to talk generally about the situation with high pay and bonuses in the banking sector.