In an article about the greed of executives at Lloyds Bank in requesting pay rises after the government brokered take over of HBOS, the executives arguing a bigger bank required bigger remuneration packages, The Guardian reveals.

That 12 top bankers earned more than £1bn in performance-related pay and shares in the run-up to the credit crunch – even though their banks have subsequently racked up more than £300bn in losses, write downs and emergency bail-outs from governments and shareholders. Source: The Guardian.

The pure naked avarice, that’s £83million pounds each for failure, most people would be fired if we turned in such a performance, not collecting bonuses.

Oh and Eric Daniels the Lloyds chief executive currently earns £1.03m plus an incentive scheme that includes an annual bonus of 225%.

I can’t see what justifies such fantastical salaries?