Lloyds Banking Group stock near £1: CEO pay shake-up hits headlines as buyback bets build
Lloyds Banking Group plc is preparing a new executive pay policy that could lift chief executive Charlie Nunn’s maximum annual award to about 13.2 million pounds, the Guardian reported on Sunday. The report said shareholders would vote on the three-year policy at the bank’s annual general meeting, as peers such as Barclays, HSBC and NatWest have lifted pay ceilings since Britain removed the banker bonus cap.