1. Lloyds Banking: Faces Shareholder Revolt as CEO's Pay is 95 Times That of Average Worker

    Lloyds Banking: Faces Shareholder Revolt as CEO's Pay is 95 Times That of Average Worker

    Lloyds Banking Group is facing the prospect of a shareholder rebellion after giving its chief executive, António Horta Osório, a pay packet that is nearly 100 times larger than the average worker’s at the bank. The advisory group Institutional Shareholders Services (ISS) has recommended a vote against the bank’s remuneration report at the annual general meeting on 24 May, highlighting discrepancies between “pay and relative performance”...

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    1. ISS does not challenge the quantum of the awards, which it states are aligned with the group's strong performance, but raises concerns about the complexity of the framework.
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