The issue will be approved or disapproved this Friday. Here is who would benefit and who would not benefit from a proposed pay and bonus structure at HSBC. HSBC’s chairman Stephen Green, who earns a basic salary of £1.25m a year, will not benefit from the bonus scheme. The bank’s chief executive, Mike Geoghegan, could earn as much as £4m in bonuses, on top of his £1m-a-year salary, and up to £7m as part of the bank’s long-term incentive plan, according to the proposals. Douglas Flint, the finance director, the Asia chief executive Sandy Flockhart and chairman Vincent Cheng are also proposed beneficiaries. Stuart Gulliver, HSBC’s markets head, and the highest paid executive at the bank, is not included in the new structure.
Related posts:
