Saturday, July 26, 2014   

HSBC chief Gulliver’s total pay rises to £8m
(02-24 18:51)

HSBC will grant chief executive Stuart Gulliver a “fixed pay'' of £1.7 million in addition to his salary of £1.2 million, the British bank’s annual reports shows.
His pay for 2013 including bonuses amounts to £8m, compared with £6.3m the year before.
The bank explained in the annual report that fixed pay includes base salary, fixed pay allowance and pension allowance for the year.
HSBC reported today that net profit increased by 15.5-percent in 2013 to US$16.2 billion.
Gulliver said the bank’s performance reflected “the strategic measures’’ implemented in “the past three years.’’
He said the group had become a leaner operation.–The Standard

   
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