Lloyds chief's bonus 'may be held'

AOL Money Staff
Antonio Horta-Osorio
Antonio Horta-Osorio

The boss of taxpayer-backed Lloyds Banking Group could reportedly see his controversial bonus haul held back until the Government breaks even on its stake in the lender.

Chief executive Antonio Horta-Osorio is said to be in line for as much as £4.4 million, but is expected to be told he can only cash in bonuses once the share price holds firm above 74p - the average price paid by the State under the bank's mammoth 2008 bailout - according to The Sunday Times.