The good times are not yet over for over 17,000 employees of the Halifax Bank of Scotland (HBOS), which is the fourth largest bank in UK. Five months ago, the employees had all earned an enviable bonus of about £4400 each and now there’s a fresh piece of good news for them. They are expected to now get around £19.6 million in free shares. The said sum is about 5% of annual salaries of the employees. The announcement was made as the bank reported a healthy 17% rise in half-year pre tax profits to £4.98 billion.
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Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
