lol..

Following the announcement of 2 November 2011 stating that the Group Chief Executive, Antio Horta-Osio, had taken a leave of absence on medical advice, the Lloyds Banking Group Board has completed a rigorous process, including obtaining independent medical advice, to assess Antio's ability to return and effectively lead the Group. The independent medical advice has concluded that he has made a full recovery. Following due consideration the Board has decided he will return to the bank as Group Chief Executive on 9 January 2012.



As part of the process the Board has agreed to an initiative from Antio to restructure and reduce his direct reporting lines in order to strengthen the accountabilities of his senior management team. This is designed to provide the most appropriate environment to maximise the senior management's contribution as the Group enters the next stage of its transformation.

Sir Win Bischoff, Chairman of Lloyds Banking Group, said: "The Board and I are pleased that Antio has made a full recovery. We are looking forward to his return after the New Year to continue to lead the Group and build on the strong progress he has already made in transforming the business and delivering the strategic plan.

"The Board would like to thank Tim Tookey for the considerable support and dedication he has shown whilst acting as Interim Group Chief Executive in addition to his role as Group Finance Director."

Hmmm!

Yes 'hmmm' indeed. Please can I take a further four weeks off work following a full recovery?

Hopefully, with such good news, sp will now get back to it's 36p level!!! ;o)

good news when we are going to get back a man has break down problems
would you employ a person that has problems .
no employee will that is fact

Incredible.

I wonder how AHO feels about you intending to buy a property in his homeland, Tanker?!!!

will is decisions be correct could is decisions destoy the bank for good or will
he just be a person drawing is salary .
and is decisions being checked all the time costing more money .
or is he that good that they could not get any one else ? tttime will tell.
and wish all you investors good fortune

God I'm tired.

I'm not aware on any fundamental changes "on the ground" - pse explain....certainly he appears to have gathered a bunch of "well-respected" Mates and hopefully at least some of them can count beans.

I suspect the Bank need a thorough overhaul, but that could be dangerous esp in the eyes of the City.

Maybe one of the failed Fund-Managers could step-in and give the workers a decent kicking...

LLOY is a long way from its historical roots of lending savers money and making a small profit on the difference. That needs to return, if only so that small businesses can keep going - -- FWIW I suggest they start to lend to those companies that increase their UK employee numbers - and who are Exporting at least half their production.

The government needs to get a grip on the parless state of the unemployed - suppose there "ISN'T" an economic recovery? Politicians always "hope" something will turn-up the trouble is the \rest of the World has advantages over us - in the same way we had advantages at the dawn of the Industrial Revolution. 1700's and it been pretty well down hill since the end of the Victorian era...... say 1900's

sp graph says it all.
When will the Government empower the investors to prevent such stupidity.....it was the City's vote that swing the purchase of HBOS - I hope there are apologies from all concerned.
....Oh deary.

Interesting - since the news was announced, about 16m shares have been traded (about 40 (minutes) out of a total 86m for the day (so far).

Please tell us what the spaniard has achieved since he was appointed ceo?

The spaniard has achieved nothing. Antio Horta-Osio is portuguese.

whats the difference?

One comes from Spain, the other Portugal...

so what has he achieved during his tenure?

Don't know but he has his cv ready just in case...

http://www.compromissoportugal.pt/docs/ficheiros/cv_Antonio_Horta_Osorio.pdf

so we now have a incapable person at the top that about sums up this bank

....
The rules governing compensation have changed several times since 2001, with savings up to 85,000 being protected if a bank goes bust, compared with a limit of 31,700 in the autumn of 2007 when the run on Northern Rock happened. ......

http://uk.finance.yahoo.com/news/Savers-win-26bn-compensation-tele-3481410490.html?x=0