Lloyds shareholders vent anger over executive pay

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...