TITLE

1,000 bankers get shares to beat bonus curbs

PUB. DATE
January 2014
SOURCE
Daily Mail;1/ 9/2014, p2
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
SOME 1,000 top bankers at HSBC are to be given a multi-million pound shares windfall in a bid to avoid an EU cap on bonuses. The lender asked shareholders to design a system that complies with the Brussels edict while still rewarding staff - and avoiding an exodus of valued staff to Asian and US rivals. It claims the shares do not qualify as a bonus because it forms part of their fixed pay package.
ACCESSION #
93546411

 

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