The report said banks often bought out the outstanding bonuses of new recruits – "tantamount to wiping the slate clean".
According to the Wall Street Journal, the relationship paid around $403m to the two men, including the final payout, which partly covered outstanding bonuses.
Sarah Wilson, chief executive of shareholder advisory group Manifest, said she would be quite surprised if investors did not raise the issue of any outstanding bonuses due to Sands.
The new boss, Paul Pester, whose £1.6m outstanding bonuses from Lloyds are to be transferred to TSB, is also aiming for growth in current accounts, where it has only 4.2% market share despite having some 6% of high street branches.
The colourful and controversial head of Barclays' investment bank, Rich Ricci, stands to walk away with outstanding bonuses potentially worth millions of pounds after his retirement from the scandal-hit bank was announced on Thursday.
Credit cards are competing for your attention these days, so many are offering some outstanding bonuses and perks to draw you in.
The bank said the sums involved were simply the outstanding salary, bonus pay ments and pension entitlements of senior executives rolled up into a lump sum.
It was observed that the most significant changes were in the reduction of the workday, the calculation and the retroactivity of the social benefits, the elimination of outsourcing, and other less significant changes such as, pre and postnatal period extension, the calculation of the overtime, the elimination of the outstanding performance bonus, among others.
In addition, players will receive outstanding signing bonuses.
Outstanding 2009 "bonuses" would be paid in full.
