The Royal Bank of Scotland plc (Scottish Gaelic: Banca Ržoghail na h-Alba) is one
of the retail banking subsidiaries of the The Royal Bank of Scotland Group plc,
and together with NatWest and Ulster Bank, provides branch banking facilities
throughout the British Isles. The Royal Bank of Scotland has around 700 branches,
mainly in Scotland though there are branches in many larger towns and cities
throughout England and Wales. The Royal Bank of Scotland and its parent, The Royal
Bank of Scotland Group, are completely separate from the fellow Edinburgh based
bank, the Bank of Scotland, which pre-dates The Royal Bank of Scotland by 32
years. The Bank of Scotland was effective in raising funds for the Jacobite
Rebellion and as a result, The Royal Bank of Scotland was established to provide a
bank with strong Hanoverian and Whig ties.
A Performance Linked Incentive (PLI) is a form of payment from an employer to an employee, which is directly related to the performance output of an employee and which may be specified in an employment contract. PLI may either be open ended (does not have a fixed ceiling) or close ended (has an upper ceiling which is normally stipulated in the employment contract)Open ended incentives are normally applicable revenue generating activities (e.g., Sales) and Close ended incentives are associated to support functions (e.g., Operation, Human Resources, Administration etc.)
Fat cat is a political term originally describing a rich political donor, also called an angel or big money man. The New York Times has described fat cats as symbols of "a deeply corrupt campaign finance system riddled with loopholes", with Americans seeing them as recipients of the "perks of power", but able to "buy access, influence policy and even veto appointments." It is also commonly used to describe a rich, greedy person who, due to ownership of large amounts of capital, is able to "live easy" off the work of others. The 1960 campaign for the Democratic nomination to the presidency was marked by competition between fellow Senators Hubert Humphrey and John F. Kennedy. Their first meeting was in the Wisconsin primary, where Kennedy's well-organized and well-funded campaign defeated Humphrey's energetic but poorly-funded effort. Humphrey objected to the media, "The Kennedy forces are waging a psychological blitz that I cannot match. I'm not the candidate of the fat cats...."