Bad habits at the Abbey - 2004-03-14
The disclosure that Abbey National boss Luqman Arnold and finance director Stephen Hester recieved £2 million, including bonus payments, when the mortgage bank had made huge losses, makes you wonder about the board's judgment.
The directors claim they deserve the money because they are helping to tidy up the mess left by previous management and you have to pay good rates to attract talent and keep it.
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