Summary
THE board of Lloyds Banking Group is braced for a blood-letting when incoming chairman Sir Win Bischoff joins the company next week.
Bischoff, who takes up his post on September 15, is expected to cull a number of non-executives at the group who were associated with the deal to buy the ailing HBOS business earlier this year. That deal lumbered the group with massive losses and bad debts. Bischoff's predecessor, Sir Victor Blank, quit the group as a result of shareholder criticism of the deal.See the full content of this document
Extract
Bischoff to Cull Lloyds Directors
But US-born chief executive Eric Danie...
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