HSBC CEO's Pay Increases, Staff Bonus Pool Grows Despite Profit Drop

Wednesday, 21 February 2024, 07:26

In a surprising move, HSBC almost doubles its CEO's pay while facing a fall in fourth-quarter profits. The bank also raises the staff bonus pool by 12% despite being impacted by exposure to the China real estate downturn. This decision by HSBC raises questions about executive compensation practices amidst challenging financial conditions.

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HSBC CEO's Pay Rise Amid Profit Decline

In a recent development, HSBC almost doubles the pay of its CEO even as the bank experiences a decrease in fourth-quarter profits. This decision has attracted attention and scrutiny within the financial industry.

Growing Staff Bonus Pool Despite Profit Drop

The bank has also increased the staff bonus pool by 12%, a move that contrasts with the challenging financial landscape, particularly the hit from exposure to the China real estate slump.

Impactful Decision: The rise in CEO pay and staff bonuses despite profit decline sends a mixed signal to investors and stakeholders.
Challenging Financial Conditions: HSBC's decision comes at a time when the bank is navigating market uncertainties and real estate challenges.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.