|
|
|
|
|
1st Rajabul Murajab 1436 | Tuesday, Apr 21, 2015
Education and Career

HSBC boss earned 500 times more than bank’s lowest paid workers in 2012

Tuesday, 5 March 2013
Comments(0)
March 05:

London, Mar. 5 (ANI): The boss of HSBC, Stuart Gulliver, earned over 500 times more than the bank’s lowest paid workers last year. The bank revealed that Gulliver received a hefty 7.4 million pounds in pay and perks in 2012. The bumper package included a near two million pounds annual bonus even though the bank was fined 1.2 billion pounds for a money laundering scandal. According to the Daily Mirror, Gulliver also earned a 1.25 million pounds salary, 1.2 million pounds in other benefits and share awards of three million pounds. HSBC also revealed that 204 staff was paid at least one million pounds last year, including 78 based in the UK. In total, the five highest paid employees at the bank shared nearly 27.8 million pounds in pay, perks and bonuses. According to the report, the banking group, which employs 270,000 people, makes an estimated 90 percent of its money from outside Britain and has benefited from its exposure to emerging markets in Asia. (ANI)

Latest News

Bhubaneswar Rajdhani Express catches fire at New Delhi railway station

According to TV reports, fire broke out on the Bhubaneswar Rajdhani Express today at the New Delhi r ...

North Indian domination prevails, local candidates ignored in Urdu Unive...

Maulana Azad National Urdu University has totally ignored local candidates in appointment of teachin ...

Karnataka Government Introduces Bill to Trifurcate Bengaluru Civic Body

Amid stiff opposition from both BJP and JD(S), the Karnataka government, today, introduced a bill in ...

Related News

Lecture on Arab Spring by Mr. Talmiz Ahmad...

Maulana Azad National Urdu University is organizing a lecture on "4 Years after the Arab Spring". According to Dr. Kaneez Zehra, Head De ...

India Needs World-Class Varsities for Stronger Standing Globally: Lord S...

Concerned over the absence of Indian educational institutions in the global top-200 list, leading NR ...

Delhi University Working on Policy for Transgender Admissions

After introducing the transgender option in the gender column of its admission forms, the Delhi Univ ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26610 (Per 10g)

Opinion Poll
Should media and the government leave Rahul Gandhi alone on his comeback from sabbatical?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, Telangana, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com