HSBC CEO Takes Pay Cut as Share of Bank Millionaires Rises

Updated on
  • CEO's 7.3 million-pound package is lowest since taking charge
  • HSBC cuts annual bonus pool to $3.5 billion from $3.6 billion

HSBC Posts Unexpected $858 Million Pretax Loss

HSBC Holdings Plc awarded Stuart Gulliver the lowest pay package since he took over as chief executive officer in 2011 as a larger share of senior bankers at Europe’s largest bank earned more than 1 million euros ($1.1 million).

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