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HSBC Pays $40 Million for Poor Performance, Due To Pay More

For a banker - or a finance company predator - getting fired isn’t all that bad.

Do you feel sorry for Bobby Mehta and Sandy Derickson, summarily fired from HSBC for their connection to the bank’s catastrophic foray into high-risk US mortgages?  Why should you? They had been paid $40 million (£20 million) in performance-related bonuses.

In […]

February 25th, 2007 | Posted in General Issues, Watchdog Issues | No Comments


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