View more on these topics

Lloyds chief Eric Daniels may get £6m in salary and bonuses

Lloyds Banking Group chief executive Eric Daniels is set to receive up to £6m in salary and bonuses this month.

According to reports, the Government-backed bank’s chief will net a £1m basic salary and could earn up to 225 per cent of his basic salary in bonuses.

Daniels could receive further awards under the bank’s long-term incentive, which is determined by profit and share-price performance, netting a maximum of 300 per cent of basic salary.

However, a spokesman for Lloyds said that no decision had been made on 2009 payouts yet.

He said: “No decisions have been taken about potential executive bonus outcomes for 2009, and any decision will be taken by the independent remuneration committee.”


Second best

Chris Salih analyses the reasons behind the below-par returns on Skandia’s UK best ideas fund

Bonds in 2017: Stick or twist?

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. share holders loosing money and chief executive going to get 6m in salary. i bought the shares the price was 105p and went down to less than half price.i think should not pay any bonuses

Leave a comment