HSBC stops bonuses for top directors

HSBC’s top directors saw their overall pay packets plunge last year after bonus payouts for 2008 were axed, the bank’s annual report shows.

HSBC stops bonuses for top directors
Mon, 02 Mar, 2009 - 15:07

HSBC’s top directors saw their overall pay packets plunge last year after bonus payouts for 2008 were axed, the bank’s annual report shows.

Chief executive Michael Geoghegan’s package fell from £3.54m (€3.94m) to £1.67m (€1.86m), while chairman Stephen Green’s overall compensation fell by almost two-thirds to £1.27m (€1.41m).

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