• Michael Geoghegan refuses rise in salary• Bank reports 24% fall in pretax profit for 2009 to $7bn• HSBC’s highest-paid banker gets £10m bonusFive bankers at HSBC shared a bonus bonanza of more than £38m last year, even as the bank tried to demonstrate it was heeding public concern about City pay through a choice by its chief executive Michael Geoghegan to hand his £4m bonus to charity .As the bank reported a 24% fall in pretax profit for 2009 to $7bn (£4.63bn), the bank’s annual report showed that the company had intended to hand the chief executive a pay rise “in light of the international competition position and the increased responsibilities”.
Posts Tagged ‘Competition Position’
HSBC boss Geoghegan hands £4m bonus to charity but top 5 bankers share £38m
March 2nd, 2010 
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Tags: 1m, 3m, 4m, 5m, 7m, 9m, Annual Report, Bonanza, Charities, Chief Executive, Competition Position, Executive Director, Gulliver, International Competition, Investment Bank, Michael Geoghegan, Pretax Profit, Public Concern, Report Showed That, Report Suggests That 
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