HSBC boss’s £6m bonus – but bank
made £14bn
28 February 2012
THE boss of HSBC has been given a
£6million bonus after the bank made almost £14billion profit. Chief exec Stuart
Gulliver, 51, earned a total of £7.2million — £1.3million in annual pay with
bonuses of £5.9million.
Another 192 HSBC bankers pocketed
£1million or more last year — 65 in the UK.
The total bonus pot across the
bank was £2.65billion — down two per cent.
The pay day came after HSBC said
it had made more than any bank in the Western world in 2011 — £13.8billion.
That was up 15 per cent as it
cashed in on huge growth in the Far East. But bank chiefs said Mr Gulliver
should have performed BETTER.
A scorecard showing how he earned
his fortune gave him half marks for "profit" and none for
"reputation" after a huge mis-selling fine last year. Chairman
Douglas Flint described HSBC's performance as "satisfactory".
Unions slammed Mr Gulliver for
taking the cash as 30,000 jobs could go by 2014. But HSBC — which was not
bailed out — said it had to pay top wages to retain the best staff.
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