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HSBC Said to Seek 13.3 Million-Pound Package for Gulliver

HSBC Holdings Plc is seeking backing from investors to pay Chief Executive Officer Stuart Gulliver as much as 13.3 million pounds ($22 million) this year, two people with knowledge of the talks said.

The award, including a base salary of 1.25 million pounds, would be slightly less than the 13.5 million-pound package that his predecessor Michael Geoghegan received for 2010, which included a 1.08 million-pound salary. The bank’s compensation committee, which meets with investors this week, also is proposing to tie Gulliver’s long-term incentive plan to measures like strategy execution and reputation as well as return on equity and capital strength, said the people, who declined to be identified because the terms aren’t public.