Last January Lloyds TSB was debating whether it should award its Chief Executive, Eric Daniels pictured above, a £2 million bonus. After considering that the bank had lost several billion pounds, had foolishly bought HBOS without bothering to find out whether it was viable or not and was now 41% owned by the taxpayer to stave off bankruptcy, they decided to compromise and only give him £1.45 million. The bank is now considering asking him for some of the money back or they will be really, really disappointed. One leading banker is already on record as saying, "Why should he?" The "News In Shorts" can think of several reasons and firmly believes that the said Chief Executive as well as several others should be put on trial as the new government is doing in Iceland.
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