Lloyds’ remuneration chief said staff saw António Horta-Osório as a winner BEN GURR FOR THE TIMESAntónio Horta-Osório is such a “charismatic winner” that ordinary branch staff at Lloyds Banking Group don’t mind being paid less than one-hundredth of their chief executive’s base package, incredulous MPs were told today. Stuart Sinclair, chairman of the bank’s remuneration committee, defended Mr Horta-Osório’s £2.85 million fixed package as the Lloyds chief was accused of “greed” by members of the work and pensions committee and was told that his pay was “off the scale”. “People like a winner,” Mr Sinclair said, referring to Lloyds’ 67,000 employees. “There’s a charisma about António that actually means a lot of people say, ‘Good luck to him, he works incredibly hard and I don’t resent the money.’ ” Mr Sinclair, 66, a former head of Tesco Bank, said that he…

Source: The Times June 19, 2019 16:08 UTC