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Saturday, 2 March 2013

Not a good deal for the taxpayers.

 http://www.guardian.co.uk/business/2013/mar/01/lloyds-horta-osorio-bonus-ppi-loss#start-of-comments


António Horta-Osório gets bonus even if third of taxpayer's shares are sold for considerably less than was paid for them.




Lloyds boss Horta Osório
Lloyds boss Horta-Osório

 

A £570 million loss for the Bank, £1.5 million bonus for the "boss" and another huge rip off for the tax payer as this calamitous government prepare to sell off its  publicly owned shares for a pittance to their friends in the city, under the facade of "privatisation". It does not need a genius to predict that within a few months this new privatised bank will be posting record profits, the share price will have trebled and the fat cat city parasites will be laughing all the way to their record bonuses.