Ex-HBOS chief makes €2.2m in nine months at Boots

The former boss of rescued bank HBOS earned more than £2m (€2.28m) in pay and benefits for just nine months in his new job heading high street giant Alliance Boots, it emerged today.

Andy Hornby, who headed HBOS in the run-up to its near-collapse before its rescue by Lloyds TSB, was paid £1.68m (€1.92m) in salary, bonuses and benefits after joining as chief executive on July 1 – making him Boots’ highest paid director.