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Lloyds staff happy with chief executive's £6.3m pay package, MPs told

Head of remuneration claims even lowest paid see António Horta-Osório as a ‘winner’

Lower paid staff at Lloyds Banking Group are happy with the chief executive António Horta-Osório’s £6.3m pay package because they see him as “a winner”, the chair of the bank’s remuneration committee has told MPs.

Addressing the work and pensions committee, Stuart Sinclair said there was no discernible resentment among workers about the gap between the pay and pensions of those at the top of the organisation and the rest of the workforce.

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