Lloyds Banking Group beggars belief with choice of AGM date
April 26th, 2010
It may be no more than a coincidence but Lloyds Banking Group has chosen to hold its annual general meeting on the same day as the UK general election — Thursday May 6th. Few people I speak to about this can believe it.
Maybe the “superbank”, formed from the merger between Lloyds TSB and HBOS, decided to hold its annual shareholder meeting on election day in the hope shareholders would stay away. Maybe the bank just wanted to ensure that any bad news coming out of the AGM would get ignored by the press, which is likely to be somewhat preoccupied with a different poll.
Some are even speculating whether Lloyds has taken lessons fro Jo Moore, former aide to ex-transport secretary Stephen Byers, who famously declared that 9/11 was a “good day to bury bad news”.
The meeting starts at 11am at the Edinburgh International Conference Centre. If you’re a shareholder and care about the future of this bank, you should try and get along. There are likely to be fireworks over matters including pay, integration failures, the decision to acquire HBOS and perhaps also the bank’s cack-handed attempts to cover up internal scandals.
- For more on Lloyds Banking Group and HBOS click here
Short URL: https://www.ianfraser.org/?p=1070
Posted by Ian Fraser
on Apr 26 2010. Filed under Blog.
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