News
Lloyds Banking Group to claw back executive bonuses
Published on 20th February 2012 by Anthony Alexandrou
The banking firm will be clawing back bonuses worth £2 million from four board directors and six other executives.
Lloyds Banking Group to claw back executive bonuses
According to the BBC, the former chief executive Eric Daniels will lose between £600,000 and £700,000, as the bank prepares to take between 40% and 50% of a £1.45 million bonus.
Three other board directors are expected to lose around £250,000, while six executives that don’t sit on the board will have £100,000 each clawed back.
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