UPDATE 2-Lloyds defends CEO pay after investor anger at annual investor meeting [Reuters (UK)]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Reuters
UPDATE 2-Lloyds defends CEO pay after investor anger at annual investor meeting - Reuters 4 Min Read * UK’s biggest retail bank criticised for CEO pension perks * Cuts to CEO pay package not enough, lawmakers say * 92% of investors voting at AGM back pay report * Fresh shareholder questions on handling of HBOS fraud (Confirms final AGM vote result, clarifies number of fraud victims compensated) By Iain Withers and Sinead Cruise LONDON, May 16 (Reuters) - Lloyds Banking Group has defended the 6.3 million pound ($8.06 million) pay package awarded to chief executive Antonio Horta-Osorio, after criticism from politicians and investor trade bodies. Horta-Osorio’s pay in 2018 has drawn harsh commentary, with particular focus on the generous pension perks that eclipsed those on offer to Lloyds’ broader workforce. Addressing questions at the company’s annual general meeting, Lloyds Chairman Norman Blackwell insisted executive awards were “fair” and justified given the bank’s turnaround in rec
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Sec Filings
- 4/18/24 - Form 6-K
- 4/17/24 - Form 6-K
- 4/16/24 - Form 6-K
- LYG's page on the SEC website