LLOY

Reuters, 28 Nov 2019, Barclays Cuts CEO Pension Perks

Peter Parry comments on CEO pension payments: https://www.euronews.com/2019/11/28/barclays-joins-rivals-with-cuts-to-ceo-pension-perks

Fevertree Fall, Trading Times and More on HBOS/Lloyds

Last week when I spoke at the Mello event I talked about my investment winners over the past few years. One of them was Fevertree (FEVR) but I was...

Lloyds Shareholders Lose Case

After many months of deliberation, a judge in the High Court has rejected the claims by former Lloyds TSB shareholders over the takeover of HBOS and recapitalisation of the...

Lloyds Banking Group (LLOY) Retail Shareholder Event 14 June 2019

Carla Antunes da Silva, Executive Committee member and Group Strategy, Corporate Ventures and Investors Relations Director and Douglas Radcliffe, Group Investor Relations Director presented to 40 retail shareholders in a highly successful event organised by Lloyds and ShareSoc. After a detailed 45 minute presentation, Carla and Douglas answered questions for 30 minutes, followed by informal discussions and networking over a very pleasant buffet lunch on the 8th floor of the Lloyds head office in Gresham Street overlooking the London skyline. Copies of the presentation ...

Lloyds Banking Group (LLOY) Retail Shareholder Event 14 June 2019

Carla Antunes da Silva, Executive Committee member and Group Strategy, Corporate Ventures and Investors Relations Director and Douglas Radcliffe, Group Investor Relations Director presented to 40 retail shareholders in...

Lloyds Bank – Recommendation to vote against the Remuneration Report

I recommend shareholders vote against the Remuneration Report at the Lloyds AGM on 16 May 2019, because the proposal to pay the CEO a pension allowance of 33% of salary has attracted huge negative publicity. It has become a significant distraction and has negatively impacted the brand. The HBSC CEO accepted a reduction in his pension from 35% to 10% of salary. Antonio Horta-Osorio should have accepted the same, i.e. a 10% pension. The difference would be £293,000 year, but this is ...

Lloyds Bank – Recommendation to vote against the Remuneration Report

I recommend shareholders vote against the Remuneration Report at the Lloyds AGM on 16 May 2019, because the proposal to pay the CEO a pension allowance of 33% of...

Excessive Pensions, Lloyds Bank and RBS

Over 20% of shareholders voted against the Lloyds 2017 Remuneration Report. Lloyds then consulted with shareholders, but this still resulted in the awful recent press. Clearly the engagement process did not work. I therefore call for Lloyds Bank to implement a Shareholder Committee, which is a more formal and regular engagement process, which builds trust and understanding between committee members and the company. This can only improve the current processes. The Lloyds 2018 annual report says: Responding to feedback We were disappointed that our ...

Excessive Pensions, Lloyds Bank and RBS

Over 20% of shareholders voted against the Lloyds 2017 Remuneration Report. Lloyds then consulted with shareholders, but this still resulted in the awful recent press. Clearly the engagement process...

Brexit, HBOS, Globo and the FRC

Is it not heartening that the Brexit divorce bill, and other terms, have been settled? The exact cost is unclear but it could be up to £40 billion – a lot of money you may say! However, the fact that the key negotiators, Mrs May, Barnier et al, all looked somewhat glum about the deal when announced perhaps tells us that it was a compromise in which both sides had to concede ground. Or perhaps they were just tired. The terms ...