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Lloyds Head Antonio Horta-Osório To See £2.5M Bonus At Bailed-Out Bank

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http://www.independent.co.uk/news/business/news/lloyds-head-antonio-hortaosrio-to-see-25m-bonus-at-bailedout-bank-8907653.html

The chief executive of taxpayer-backed lender Lloyds Banking Group is on course to seal a multi-million pound bonus payout next month.

Antonio Horta-Osório will pick up a windfall of more than three million shares if Lloyds’ share price remains above 73.6p – the level the Government paid to bail out the bank in 2008 – for at least 30 consecutive days. The shares closed at 80.37p on Friday, ending a third week above the target threshold.

According to reports on Sunday night, the bonus pay-out could be worth more than £2.5m to the 49-year-old, although he would not be able to claim the money until 2018.

How generous of the taxpayers, meanwhile if the taxpayers went any shares we have to buy them.

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