Lloyds chief executive to waive 2011 bonus
The chief executive of Lloyds, Antonio Horta-Osório, will waive his 2011 bonus, after his recent return from a leave of absence and as pressure mounts on banks over large pay packets, The Wall Street Journal is reporting.
The chief executive of Lloyds, Antonio Horta-Osrio, will waive his 2011 bonus, after his recent return from a leave of absence and as pressure mounts on banks over large pay packets, The Wall Street Journal is reporting.
As of 12:11pm shares of Lloyds are rising by 2.83% to the 29.98p mark.
AB
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Burberry’s share price surges despite collapsing profits and job cuts announcement
Burberry’s share price has soared, despite collapsing profits and around 1,700 jobs potentially set to be cut, as markets assess the turnaround plan’s effectiveness
-
A break from the excitement: three boring but good investment themes in Asia