Payments to CEOs specifically Antonio Horta-Osorio

opinions4u

anselld wrote: »

I know that. My point is that he was not successful at Santander so why whould anyone expect him to do any better at LBG.

Perhaps the Spanish owners of Santander UK refused to free up the capital he needed to carry out a root and branch overhaul of the systems, training and processes that drag Santander down.

As head honcho of the good ship LBG he would have the absolute power to make the decisions he thought appropriate to achieve service improvements.

(Noting that all the decisions about systems integration, Halifax and BoS which are still causing one or two issues were in flow long before AHO came along and were well beyond stopping).

I've no idea whether the bloke's any good or not. I do know that within HBOS there was very much a "can do" approach to change. In LTSB I get the impression that they are still very much in Victorian times saying "can't do it" to any sort of change. Managing that clash of cultures will be a challenge that would stress the best!

bengal-stripe

anselld wrote: »

My point is that he was not successful at Santander so why whould anyone expect him to do any better at LBG.

There is a big difference between being experienced and being successful.

Judging by the ill-feeling you have for the man, I can only presume you were in school together and he regularly nicked your lunch-box.

anselld

bengal-stripe wrote: »

Judging by the ill-feeling you have for the man, I can only presume you were in school together and he regularly nicked your lunch-box.

... no, he has no track-record of success in nicking my lunch box either.

le_loup

I now read in the Sunday Times that he will get further £1,400,000 if his doctors say he can't go back to work! So that's £13.4 to start, £1.4 to stop and whatever he "earned" whilst actually working.
When does this madness stop?