Santander woos execs with bonus bonanza

19 August 2008

Recipients include David Bennett, chief executive at A&L, and directors Chris Rhodes, Richard Banks and Ian Buchanan.

If they leave before then on good terms, due to either ill health or redundancy, they will also be entitled to a pro-rata payment.

The bank is also giving 100 shares - currently selling at 928.5p - to each A&L employee should the deal go through.

Shareholders are set to vote on the takeover on September 16.

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