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Executive Advantage by Jacqui Grey

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Introduction

Banish Executive Gremlins – become a resilient 21st-century leader

   Almost £1 billion was wiped off Lloyds’s market value after the boss of the state-backed banking group went on immediate sick leave. Shares plummeted after António Horta-Osório began an enforced break barely eight months after taking on one of the biggest jobs in British finance. The Portuguese-born banker, who became chief executive in March 2011 with a package worth around £8.3 million, had been diagnosed with extreme fatigue and stress due to overwork.

   The unexpected announcement caused turmoil in the part-nationalized bank and sent Lloyds’s shares sliding. By the close of trading that night they had dropped by 4.4 per cent, ending the day 1.36p down at ...

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