RE: Brexit blister festers for decades6 Aug 2018 10:50
SUFCESSEX
Back in 2013 lloyds paid CEO Antonio Horta-Osorio a bonus worth 2.3 million pounds and 3 million shares in the bank for keeping the share price above 73.6 pence for 30 days.
The terms of Horta-Osorio’s pay plan mean that he will not be able to cash in the shares until 2018.
“Antonio’s bonus, which he won’t receive until 2018, reflects the significant turnaround at Lloyds under his leadership - something that has enabled taxpayers to start getting back their money at a profit,” Lloyds said.
If Antonio can manipulate the share price back then he must be doing the same today for the buybacks scheme. 2018 is the year for his bonus and shares, if lloyds is a ticking time bomb the clock has started