Saturday, December 03, 2011

Bailed bank thinks to not give bonus to failed CEO

Well here in a bit of rationality

Lloyds Banking Group is looking to "claw back" up to half of the £1.45m bonus it awarded to its former chief executive, it has been reported. 
The Telegraph says lawyers have told Eric Daniels and other senior executives that it is considering withholding part of their bonuses. 
The part-nationalised bank is taking action after it announced a £3.9bn loss for the first nine months of 2011.
Eric DanielsEric Daniels stepped down as chief executive of Lloyds in March
Source BBC
The public of the UK owns about 43% of this bank.  So it should be an outrage that anyone gets any bonus.  Especially a 1.45 million pound bonus.

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