Breakingviews: Lloyds’ ‘operation 61p’ won’t be easy
Friday, March 01, 2013 - 04:26
Lloyds’ CEO is incentivised to get shares up to 61p. It’ll be hard to achieve, but putting conditions on Horta-Osorio’s £1.5mln bonus will be good for the bank & quell public anger says Breakingviews.
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Frank Lloyd CEO let me get his one and a half million pound bonus one shares reached 61. 52. The harder than it looks according to breaking news columnist George ray joins and a I am. All right just just run us through could be this quite convoluted way in which my guess is that one and a half million. -- so this is one half million one when Coleman and keeps us he gets in twenty nobody get anything until twenty AT and and then it's going to be says -- His award is entirely dependent on -- set prices now it's at HTTP -- it is a seventy fulke. In 28 team they have asked for fifty days investing and then you'll get a -- they -- if it's at 61 C. Then he moved it to get up and leave the government is so definitive it's state queasy stance known -- So that there are lots of its head to head out there are -- of us as to whether they can get to sixty lumpy in the first place -- let's face it -- You know we talk about one offs when we talk about RBS and we talk about Lloyd's but that doesn't really to see your seat too much and try to be some selling scandals -- them. And the and the picking up the pieces thousands of us keep problems. On a lot of things a lot of areas -- is actually doing quite well. In terms of what news is really the point. What on stadium horses -- has controller that he's doing quite well he's executive Lloyd. But the things he does doesn't have control -- -- has to PPI such as the British economy which will help him grow his business. Basic ingredient in the air -- Edmonton and they could go on being different. What are what. Banking analyst sang -- -- -- price can it get to 61 by twenty acting as well as and also a lot of them -- saying. Although people have. They're about these in a couple of -- -- -- in the fifties say that's indicating that they identity -- that. Is quite easy to amnesty is not easy would Lewis and all PX for example sees through the noise and kind of see okay. In twenty. Sixteenths in 2015 everything goes well. Then they have a big coal mine is making a little money. It's just being kind of held by -- and -- -- on TV on your refs got it yet but it's quite easy it's easier than the Soviets not the key thing that's possibly why the government is not looking. Actually -- him Lloyd's which in terms of cutting state little more promise in Athens news for the obvious. You know we we talked yesterday I told just stay with with you guys about. Bank bonuses. And the caps will this deferred. Payment scheme. From -- C. Tempo that the anger to think in the palace. It's in the business needs me thus far I mean -- was gonna have a places that it doesn't seem to be a massive kind of you know outpouring of anger and perhaps they may this kind of display deferment to so -- Linking it to use -- -- -- That made you -- I mean all -- a breaking -- we've we've always been at school. You know it if you actually do you -- open he's probably beaten and and you are entitled to Venice and he gets it is -- consensus that he's a good job. I think it Siena and -- -- -- that it won't always had tunnel a lot of stress and yes that's right yeah process vest and races. We -- we understand English who uneasily about those but. He's doing -- all right told. And I think you can also products Stephen Hester as well I think it's probably worth. Treating days does a slightly different from your average. Casino bankers but it's because there that you is that always look at it is these -- importance of these units and assets that we. And he woman stupid killed that. Clearly you need to have you need to kind of offset Vatican's theology is the public opinion. Neither one but banks have huge bonuses and nothing. Co host all the -- on and off the today. Did George many things about George Terry the banking correspondent for breaking views more -- having -- what's our US show. Every day 12:30 eastern 1730 GMT I'm axle problems is --
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