HSBC cuts pay for top staff amid investor dissatisfaction – FT.com

Posted on by ValueEdge blog staff

February 21, 2016 4:22 pm
HSBC cuts pay for top staff amid investor dissatisfaction

HSBC has become the latest big European bank to cut pay, slashing pension payments to top executives by 40 per cent after pressure from investors, according to people familiar with the matter.
The change, contributing to an overall pay cut for chief executive Stuart Gulliver, comes as many European banks are cutting remuneration for their top executives after a downturn in performance.

via HSBC cuts pay for top staff amid investor dissatisfaction – FT.com.

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