Lloyds mulls over new banker bonus plan
October 22 , 2012
Britain’s Lloyds Banking Group is considering whether to abandon the concept of annual bonuses for senior staff and extend the timeframe of longer-term incentives to up to ten years, according to a report in the Financial Times on Monday.
The idea will be put to investors as Lloyds attempts to avoid the conflict seen between banks and shareholders over pay, according to sources with knowledge of the matter.
Lloyds could not be reached for comment.