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HSBC honest about remuneration

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HSBC honest about remuneration

HSBC have announced their numbers for the year and they have been impressive, especially when their UK competition have struggled and still are showing heavy losses.

The remuneration of their Chief Executive, Stuart Gulliver, showed that those leading FTSE companies and indeed top investment bankers are still being incredibly well remunerated at a time when the average family in the UK is struggling. The distance between those that have and those that don’t seems to be getting larger.

The wonder is what is the point of a basic salary if the “top dogs” are getting rewarded for decent, if not stellar, management.

Some of the salaries and bonuses make your eyes water. The fear is that shareholders are not getting value, which is particularly worrying as more and more only hold nominal shares and do not have voting rights.

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