New story from Reuters published by Mortimer Goth October 4, 2009

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Lloyds says no decision yet on exec pay

Britain's Lloyds Banking Group (LLOY.L) said it had taken no decisions over executive pay after a newspaper reported the lender was drawing up a multi-million pound incentive programme for top managers. The Sunday Times reported Lloyds' remuneration committee was working on a scheme that would see the bonus of Chief Executive Eric Daniels matched to that of Royal Bank of Scotland (RBS.L) boss Stephen Hester, whose pay package is potentially worth around 9.6 million pounds ($15.3 million). More: http://tinyurl.com/compensation140