Shamed former Lloyds boss Eric Daniels is slammed for adding ‘insult to injury’ as he demands £500,000 bonus

The shamed former Lloyds boss who led a disastrous takeover of rival HBOS is demanding £500,000 in unpaid bonuses.
Eric Daniels was in charge of the lender from 2003 to 2011, presiding over the £12 billion acquisition of its tainted competitor during the financial crisis.
That decision almost destroyed Lloyds and forced it into a humiliating £20.5 billion bailout.
Daniels, 66, was also in charge at the height of the PPI mis-selling scandal, a disaster which has cost the bank £18.1 billion. He and other executives have already had millions of pounds of bonuses taken away from them because of the debacle.
But now Daniels and former wholesale banking head Truett Tate are reportedly challenging a decision not to pay them part of a bonus due in 2012 – the year after the former chief executive left.
They are said to have filed High Court claims against Lloyds this month, with Daniels reportedly demanding around £500,000.’
Read more: Shamed former Lloyds boss Eric Daniels is slammed for adding ‘insult to injury’ as he demands £500,000 bonus