HSBC hands CEO Gulliver 7.4 million pounds 2012 pay package
LONDON (Reuters) - HSBC handed a 7.4 million pound pay package to Chief Executive Stuart Gulliver for 2012, the bank said in its annual report.
Europe's biggest bank said its five best-paid employees earned a total of 27.8 million pounds in 2012, including 21.5 million pounds in bonuses. Its highest paid banker who is not a director was paid 7 million pounds.
Gulliver's package comprised a base salary of 1.25 million, benefits worth 1.2 million pounds, an annual bonus of 1.95 million pounds and shares awarded under a long-term incentive plan worth 3 million pounds. It was lower than the 8 million pounds total package he received in 2011.
Speaking to reporters, Gulliver said it was too early for the bank to take a view on proposals by European regulators to place a cap on the bonuses that can be paid by banks.
(Reporting by Matt Scuffham; Editing by Steve Slater)
- Tweet this
- Share this
- Digg this
- Singapore hit by rare outbreak of rioting
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- North Korea says Kim's uncle dismissed for 'criminal acts'
- UK wage growth at six-year high as economy recovers - survey
- France to start disarming Central African Republic fighters on Monday |