MAIL ONLINE: Antonio Horta-Osorio has been named the new chief executive of taxpayer-backed Lloyds bank.Mr Horta Osorio, the current UK boss of Santander, will join early next year when he takes over from current chief Eric Daniels, who is due to retire.
However the arrival package he will receive on his appointment has provoked outrage as he could scoop up to a whopping £8.3million in the first year alone.
His package includes a basic salary of just over £1million, but he could collect another £2.3million in annual bonuses plus around £4.3million in long term share awards.
In addition he will pay £610,000 in pension payments, meaning his total package could added up to £8.3million. >>> Daily Mail Reporter | Wednesday, November 03, 2010
