Just exactly where are some of those bank charges that you are paying going to ? :-
Andy Hornby, chief executive of HBOS, banked a pay and benefits package worth £1.75m last year for 5 months work , the bank's annual report revealed . Hornby's 2006 remuneration included a cash performance bonus of £606,000
Peter Cummings, chief executive of Bank of Scotland Corporate , had a salary of £547,000 swollen by a performance bonus of £825,000, which took his total package including other benefits to £1.5m.
Jo Dawson, formerly group risk director and now chief executive of the insurance and investment division from March 1 pocketed £514,000 for the year, including a bonus of £211,000.
Benny Higgins, spirited away from Royal Bank of Scotland by HBOS to head the retail banking division, was recruited on a basic salary of £625,000 but with the potential to earn £2.75m in a full year. He received £1.1m in 2006 after joining HBOS on May 1, including a bonus of £435,000.
Sir James Crosby , the ex-chief executive of HBOS banked £1.2m in his final year.
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