Feb 242010
FT.com / Companies / Banks – HSBC retreats on chief’s pay award.
The FT notes:
HSBC has yielded to shareholder protests and backed away from controversial plans to award its chief executive, Michael Geoghegan, a substantial rise in his base salary of more than one third.
Now how about doing the same for the rest of the bankers’ pay?
2 Responses to “HSBC retreats on chief’s pay award”
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You blogged recently about another set of *ankers foregoing bonuses. I read on that day (in Morning Star – great paper) that they had just made several millions by selling their shares – so hardly much of a sacrifice.
Yes, we have to look at total remuneration including any deferred