It came after former chief executive James Crosby gave up his knighthood, his directorship at Compass, his position as a trustee at Cancer Research UK and 30 per cent of his pension.
A spokesperson for Number 10 praised Crosby’s decision and said it is a “matter for their consciences and judgement” if the other two want to follow suit.
But the bosses remained resolute, with Andy Hornby’s employer Coral insisting he is valued at the firm.
Lord Stevenson could not be contacted.
Meanwhile sources close to Crosby say he is not yet retired and will continue his career in business.
However he is not expected to work in financial services in future.