January 28, 2009

Lloyds employees want a pay rise

Story link: Lloyds employees want a pay rise

Bailed out by the taxpayer, won’t lend any money to the taxpayer, but now they want the tax payers to foot the bill for pay rises, I don’t think so!
If they can’t afford to fund themselves then they certainly shouldn’t be increasing wages!

Lloyds employees want a pay rise

Lloyds Banking Group has sounded out shareholders about a change in its executive remuneration plans that could generate pay rises for its directors despite being bailed out by the taxpayer.
The bank, in which the government holds a 44% stake, is understood to have approached big City investors between a month and six weeks ago with outline proposals for a modified pay package for the executive team of the bank .

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