News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

HSBC faces shareholder anger over pay

The brutalist blocks of the Barbican estate in central London seem more a leftover of an era of state socialism than a fitting backdrop for a shareholder meeting of one of the world's largest banks, but perhaps the setting for HSBC's annual general meeting today reinforced shareholders' sense of injustice over the board's multi-million pound pay packages.

The new bonus plans - which could see five senior directors scoop more than £120m (€153m) between them if targets that the bank describes as "very stretching" are met - were eventually approved.

WSJ Logo