Lloyds set to join rivals in cutting CEO pension perks
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LONDON (Reuters) - Lloyds Banking Group is set to join rivals in cutting its chief executive's pension allowance, after months of political and investor pressure on banks that award top bosses better perks than the rest of their employees.Lloyds is consulting shareholders over plans to reduce Antonio Horta-Osorio's annual pension allowance by around 220,000 pounds and at the same time hike retirement benefits for the company's 65,000 staff.The changes would result in Horta-Osorio and the..