TIMES ONLINE: One of the biggest bonuses seen this year for any London-based banker was revealed today as HSBC announced it had given Stuart Gulliver, its head of investment banking, a £9.8 million package.
Mr Gulliver was awarded a £9 million bonus on top of his £800,000 base pay for his "exceptional performance" in trebling the profits of his division to $10.5 billion, HSBC said.
The payment came as Michael Geoghegan, HSBC chief executive, confirmed that he will give his £4 million bonus to charity.
HSBC disappointed investors after full-year profits fell by 24 per cent to $7.1 billion (£4.7 billion) following a big write down of the value of its own bonds. Its shares lost more than 5 per cent, down 37.1p, to 682.46p. >>> Patrick Hosking and Catherine Boyle | Monday, March 01, 2010
