Portuguese Lloyds CEO ‘Manager of the Year’
The CEO of the UK’s Lloyds Bank António Horta-Osório has been voted ‘Personality of the Year in Management’ by the Portuguese business daily Jornal Económico.
The chief executive known as the ‘Mourinho of Banking’ (when the ‘Special One’ was still winning trophies in the UK) is highly admired by the Portuguese who gave him one-third of all votes in a poll conducted by the business newspaper.
Despite the accolade, the banker has received criticisms this year over-generous pensions paid out to senior management figures at Lloyds.
In reaction, Lloyds announced that it would cut a bonus pension plan, representing an annual cut of around €235,000 to his annual salary. The bank’s profits, however, continue to be strong: analysts predict profits of £5.2Bn this year while shares skyrocketed by around 24% over the last 12 months.
Other runners up in the ‘Personality of the Year in Management’ were Carlos Tavares (17%) over his handling of the PSA/Chrysler merger, Domingos Soares de Oliveira (16%) for the sale of João Felix and the PAO of Benfica to SAD and Paula Amorim (10%) for her role in the purchase of the Herdade de Comporta luxury living community which is being developed into the ‘Hamptons of Portugal’.