HSBC considers CEO pay overhaul as UK banks dump bonus caps

Quick Summary:

CEO Elhedery’s fixed pay would be roughly halved under the new plan, while his potential bonus would be much higher, a person familiar says.

While his fixed pay would be roughly half what it currently is, his potential bonus would be much higher, the person said.

The lender will publish details of the compensation along with its year-end results on February 19, according to the statement.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong Kong

Topics: Worth Million Fixed Elhedery Financial Salary Hsbc Executive Base Georges Higher

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 13:06:26 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 375 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25954939

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