Skip to main content

Newsroom

October 23, 2012

Lloyds eyes shake-up of banker bonuses

“Lloyds Banking Group is examining whether to ditch the concept of annual bonuses for senior staff and extend the timeframe of longer-term incentives to up to 10 years, according to people briefed on a project to overhaul remuneration.

The idea is being put to investors as Lloyds seeks to avoid the conflict between banks and shareholders over pay and prove to politicians and taxpayers that it is taking a more responsible attitude to the topic. Lloyds is 40 per cent state-owned.

This year pay has been a trigger for rebellion at several banks’ annual meetings – from Citigroup and Credit Suisse to Barclays – as shareholders protest that too large a share of spoils has been paid in staff bonuses instead of dividends.”

Read full FT article here

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
[email protected] or 202-618-6433.

Contact Us

For media inquiries, please contact [email protected] or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact [email protected] or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today