Lloyds Banking Group shareholders have voiced their disapproval over executive pay at the part-nationalised bank.
At their annual meeting in Glasgow, shareholders grilled the board over the £2.6m earned last year by departing chief executive Eric Daniels (pictured) and the package offered to his successor António Horta-Osório, reports the Financial Times.
Angry shareholders said there had been a public backlash against the "gross over-employment" of bankers who had played a part in a financial crisis now disproportionately affecting the poor.
Although the remuneration report was approved by 91.8% of shareholders, those voting against it still represented a significant protest given the 41% of the bank owned by the government voted in favour of the report.
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