Lloyds Banking Group claws back bonuses paid to senior executives
Lloyds Banking Group intends to claw back bonuses from a dozen senior bankers because of the losses that the bank suffered after payouts were awarded a year ago following the mis-selling of payment protection insurance (PPI).
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“Lloyds to seize back bonuses from 10 senior bankers”, by Jill Treanor, The Guardian, 20 February 2012:
“Lloyds takes back £2m of bonuses paid to executives”, bbc.co.uk, 20 February 2012:
What's happening in reward?: The Reward Management Update 2012
The seventh annual e-reward conference held in London on 31 October and 1 November 2012 focussed on:
managing reward in a recession
aligning pay and business performance
the need for reward professionals to act as strategists not tec...