Lloyds Banking Group CEO Will Not Accept A 2011 Bonus

Lloyds Banking Group's CEO in London will not accept an annual bonus for 2011 after taking a leave of absence from the embattled bank, according to a statement released Friday. [via Dealbook]"As Chief Executive, I believe my bonus entitlement should reflect the performance of the Group but also the tough financial circumstances that many people are facing," Anto´nio Horta-Oso´rio said in a statement.In November, the chief executive was forced to take a break because he was working himself to the point of exhaustion.  He returned to his post earlier this month."I also acknowledge that my leave of absence has had an impact both inside and outside the bank including for shareholders. On that basis, I have decided to request that the Board does not consider me for a 2011 bonus."The chief executive said he wants to restore the bank's profitability so the British taxpayers can get back their money.Please follow Clusterstock on Twitter and Facebook.Join the conversation about this story »See Also:We Count Three Different Negative Bank Of America Stories TodayEven Jesus Hated BankersAspiring Wall Streeter Emails Morgan Stanley's CEO And Gets Some Harsh Advice

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