Row brewing over Direct Line executive bonuses

Controversy over pay at taxpayer-backed firms is expected to be stoked as Direct Line plans to hand out multimillion-pound share bonuses to bosses when it floats on the stock market, it has been reported.

Insurance giant Direct Line Group - which is owned by part-nationalised Royal Bank of Scotland - is set to offer its chief executive Paul Geddes and finance chief John Reizenstein "golden handcuff" deals designed to lock-in senior staff following the initial public offering, according to The Sunday Times.
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