|
|
|
|
|
2nd Safarul Muzaffer 1436 | Wednesday, Nov 26, 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

Indian-American stores brace as Ferguson erupts into violence

Indian-American owned and other businesses in Ferguson, Missouri, Tuesday braced as the town erupted ...

25.03 lakh children with special needs en...

A total of 25.03 lakh Children With Special Needs (CWSN) have been enrolled in schools across the country this year and 2.06 lakh such kids ...

Astronauts' Poo Can Now Be Converted ...

Indian-origin researchers have developed a new method that allows human waste in space to be converted into fuel that can be used to send fu ...

Related News

IIT Madras made full member of CMS experim...

IIT Madras has become the first IIT to be made a full member of the CMS experiment at CERN, the European Organisation for Nuclear Research, ...

Telangana will have five more new Medical colleges

In what could be called a major boost to medical education,Telangana Government proposes to establ ...

Hindi teachers without salaries for seven ...

Hindi teachers under Centrally Sponsored Scheme (CSS) numbering 1,305 have not received their salaries for seven months, Mizoram School Educ ...

Post new comment

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

Rs. 26230 (Per 10g)

Opinion Poll
Do you think introduction of grills to separate ladies and gents in RTC buses add to travel woes?
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