|
|
|
|
|
26th Ramadan 1435 | Thursday, Jul 24, 2014
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

Sukhen Dey gets India's second gold, bronze for Mali

India's Sukhen Dey has won the gold medal with a splendid lift in the clean and jerk. His compatriot ...

UN panel asks Japan to redress 'comfort women' issue

The United Nations Human Rights Committee Thursday raised its concerns over "comfort women" and requ ...

10 cops injured in clash with UPSC aspirants, vehicles burnt

Hundreds of Civil Services aspirants tonight clashed with police, set several vehicles including a p ...

Related News

Course in English presentation skills & pu...

The Centre for English Language Training (CELT), University College of Engineering, OU is offering a crash “Course in English Presentation ...

Admissions in AMS College of fine arts

Andhra Mahila Sabha College of Fine Arts & Media Education is offering admissions for the academic year 2014-15. The courses are: Western Mu ...

Seminar on ‘Acceleration of Economic Ref...

The Indian Institute of Economics organized a seminar on ‘Acceleration of the Economic Reforms & New Direction to the Fiscal Policy’, on ...

Post new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

Rs. 27660 (Per 10g)

Opinion Poll
Do you think the Rail Budget 2014-15 is people-friendly?
YesNoCan't say

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

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