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Saturday, 25 June 2016

Lloyds should change CEO bonus vesting, not size

Best of a bad job

A storm is brewing over Antonio Horta-Osorio’s bonus. Like banking peers, Lloyds was shamed in 2012 for past mis-selling of mortgage insurance. Yet there was progress in restructuring and the boss deserves any payout due. To become palatable, the award could be deferred not cut.

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