Lloyds CEO Eric Daniels to get £1.45 million in bonuses

Lloyds Bank - Rewarding Outgoing CEO Handsomely

Lloyds Bank – Rewarding Outgoing CEO Handsomely

The outgoing chief executive of part taxpayer owned bank Lloyds, Eric Daniels will receive £1.45 million in bonuses for the year 2010.

In a statement issued on Wednesday, Lloyds said: “While the board is yet to approve the 2010 annual financial results for the group, it plans to award Mr. Daniels a bonus of 1.45 million pounds, equivalent to 62.3 percent of his potential opportunity”.

“In considering the award, the board took into account the current environment and desire for restraint”, the statement added.

Mr. Daniels had received around £1.1 million in 2009 after forgoing his bonus.

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