Lloyds becomes the first bank to strip executives of bonuses as it takes back £2m from senior management

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

“2011 and Beyond” - What you are seeing, and why - Jan 16, 2011 (Kryon channelled by Lee Carroll) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

"The Great Escape" - Mar 11, 2017 (Kryon Channelling by Lee Carroll)

“… The Fall of Many - Seen It Yet?

You are going to see more and more personal secrets being revealed about persons in high places of popularity or government. It will seem like an epidemic of non-integrity! But what is happening is exactly what we have been teaching. The new energy has light that will expose the darkness of things that are not commensurate with integrity. They have always been there, and they were kept from being seen by many who keep secrets in the dark. Seen the change yet?

In order to get to a more stable future, you will have to go through gyrations of dark and light. What this means is that the dark is going to be revealed and push back at you. It will eventually lose. We told you this. That's what you're here for is to help those around you who don't see an escape from the past. They didn't get their nuclear war, but everything else is going into the dumper anyway. … “

Monday, February 20, 2012

Lloyds becomes the first bank to strip executives of bonuses as it takes back £2m from senior management

Former chief executive and four other previous directors targeted
Move will prompt calls for other banks to follow suit

Daily Mail, by Ruth Sunderland, 20th February 2012

Clawback: The move is understood
to come on the orders of Lloyds chief
executive Antonio Horta Osorio (pictured)

Lloyds Banking Group has become the first bank to strip executives of part of their bonuses since the start of the financial crisis.

In total 13 executives will lose some of their bonuses for 2010 in the wake of the scandal over payment protection.

The bailed-out bank is to take back a combined total close to £2m from its former chief executive Eric Daniels, along with four other current and previous senior directors who will lose sums of up to £262,50.

A further eight executives, below board level, will be stripped of 5 per cent of their bonus awards of around £100,000 each, the state-backed bank added.

The move will prompt calls for other banks to follow suit.

It is understood to come on the orders of Lloyds chief executive Antonio Horta Osorio.

Earlier this year he volunteered to give up his bonus of up to £2.4 million because he had taken a leave of absence due to exhaustion and felt bosses’ rewards ought to reflect hardships suffered by customers during the downturn.

The clawbacks have been imposed due to Lloyds’ involvement in the payment protection insurance (PPI) mis-selling scandal.

Daniels will lose 40 per cent or £580,000 £1.45m bonus for last year. The 60 year old former chief left the bank in March 2011 but remained on the payroll until the following September receiving £100,000 a month, although he did no work for his erstwhile employer.

The PPI scandal was one of the biggest of its kind in recent years.

More...

Customers were sold insurance policies when they took out loans that were meant to cover repayments if they fell sick or lost their job.

The products were extremely lucrative for the banks but often turned out to be of dubious value to consumers. Lloyds last year said it would have to write off £3.2 billion to cover the cost of redress.

PPI scandal: Lloyds last year said it would have to write off £3.2 billion
to cover the cost of redress

Sacrifice: Eric Daniels (left) and Helen Weir (right) are among the
executives targeted in the clawback

City watchdog the Financial Services Authority called on the banks to reflect the seriousness of the scandal in executive pay-packets. Horta Osorio was not at Lloyds at the time of the mis-selling.

The other bosses who face a clawback are departing finance chief Tim Tookey, who will sacrifice £235,000 of his £942,000 payout; Helen Weir, the former head of the retail bank, who will lose £218,000 from her bonus of £875,000 award; wholesale banking boss Truett Tate, who retires this month and will have £260,000 of his £1.05 million bonus clawed back and former head of risk Carol Sergeant.

The pay and bonus of Ms Sergeant, who held a senior position at the Financial Services Authority prior to joining the bank is not disclosed as she was not a board director.

The bank is able to claw back the bonuses because they were awarded in shares to be released over three years so it will simply not pay out the full awards.

So far others have fought shy of clawbacks for fear disgruntled bosses may mount legal challenges.

Lloyds is expected to reveal losses of around £3.5 billion when it issues its full year results for 2011 later this week. Taxpayers own a 41 per cent stake following a £20bn government bailout.

Fellow state-backed bank Royal Bank of Scotland has set aside £850million to cover PPI claims. Its boss Stephen Hester succumbed to pressure to give up his £963,000 bonus after a public outcry, but there are now likely to be fresh demands for further clawbacks on previous bonus awards because of PPI.

Related Article:

Lloyds bank claws back £1.5m bonuses from directors

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Monday, February 20, 2012

Lloyds becomes the first bank to strip executives of bonuses as it takes back £2m from senior management

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