|
|
|
|
|
8th Shabanul Mujam 1436 | Thursday, May 28, 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

1993 blast accused holds modelling auditio...

Gangster Mustafa Dossa, an under trial in the 1993 serial bomb blasts case, held auditions for models inside a Mumbai sessions courtroom dur ...

No exclusive e-sales of smartphones: Sony India

Sony India said on Wednesday it had no plans for exclusive online sales of its smartphones to mainta ...

Scientists use bacteria to detect cancer, diabetes

Two research teams said they have used Escherichia coli (E. coli) as diagnostic tools to detect live ...

Related News

CBSE Class 10 results announced, website down

The Central Board of Secondary Education (CBSE) announced the results of Class 10 board examinations ...

CBSE Class 10 results to be out today

The Central Board of Secondary Education (CBSE) will declare Class 10 board examination results for all regions by 2 p.m. on Thursday, a CBS ...

CBSE to declare Class X results today

The Central Board of Secondary Education (CBSE) will declare the results for the Class X examinations on Thursday. St ...

Post new comment

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

Rs. 26730 (Per 10g)

Opinion Poll
Should mercy killing be legalised in India?
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