Gulliver Leads U.K. Bank CEOs as Pay Packages Lag U.S.: ChartBy and
HSBC Holdings Plc Chief Executive Officer Stuart Gulliver, whose annual bonus jumped 58 percent, received the biggest pay package for 2016 of any major U.K. bank chief, while Royal Bank of Scotland Group Plc CEO Ross McEwan was paid the least after his firm posted a ninth-consecutive annual loss. All the executives’ compensation trailed their U.S. rivals as U.K. lenders struggle to revive profitability and move past misconduct costs. JPMorgan Chase & Co. CEO Jamie Dimon, whose bank made a record profit last year, was granted a pay package that almost matched that of all five British bank bosses combined.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.