Im rather seething, gang. The board of the Royal Bank of Scotland (LSE: RBS.L - news) want to give their new big cheese a pay incentive package, which could bring him more than 9 million pounds.

This, after the bank lost so much of their shareholders money. And after the hoo-hah about their former leader Sir Fred Goodwins pension. Its extremely annoying. And its hard to understand.

The government own most of RBS now and you would think they would have had something say about this package. But they havent. Astonishing.

Now its true that the new boss wont get his nine million plus, without conditions, including that he almost doubles the present lowly share price. So the argument goes: that if he does this he will save the tax payer billions. Its also been argued that if he doesnt have the possibility of rewards of this order, he might go somewhere else.

Well, Im rather inclined to let him. Surely the RBS, of which I hold shares, like many of you, can find somebody else. Is he really the only saviour who could possibly do the job? I rather doubt it.

Was the incentive to hike the share price really necessary, anyhow? I understand they gave him loads of RBS shares. So hes got the same interest as the rest of us in wanting to improve the banks share price. Does he really need the promise of big bucks to work on that little problem?

I understand that this proposed pay and bonus set-up would pay the salary of many civil servants. And, as the RBS is now mostly owned by the gov., wouldnt it make sense to put a top civil servant in charge of the shooting match? What he or she lacked in banking know-how could be supported by advisers, surely.

At least with a savvy civil servant in charge at a reasonable salary not a stupid one we could still expect a keen interest to be taken in tax-payers and shareholders like us. Perhaps theres still time for a public outcry to make the government change its mind on this nine million pound plan rather like the Ghurkha affair. Lets hope so. Rocking on.