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Egg to give shares to staff

Prudential&#39s online bank Egg plans to give out £100m of its shares to its staff when it floats next month.


Key staff could receive up to £1m each serving as “golden handcuffs” to keep them on board.


Egg chief executive Mike Harris says that one of the main reasons for the flotation is to offer staff a stake in the company in order to prevent them from leaving.


Standard Life Bank was powerless to prevent the Halifax from poaching a number of key staff earlier this year when it was setting up its own online subsidiary, Intelligent Finance, despite offering incentives to stay.

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