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  1. Bankers not happy with share bonuses

    Posted Mar 28th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong bankers are unimpressed by their employers' plan to offer shares as an alternative to cash bonuses. They rate it only slightly higher than free ... such as private medical care, pension contributions and holiday allowances, according to headhunting firm Astbury Marsden. 'In an economic downturn, share bonuses work well and do not erode ...

  2. Staff bonuses and perks slashed after tough 2011

    Posted Feb 13th 2012, 12:00am

    ... George Chen and May Chan Investment banks slashed the 2011 bonuses paid to staff in Asia by 30 to 40 per cent from 2010 payouts, and scrapped some non-cash benefits including housing ... to financial industry sources, most major investment banks including Morgan Stanley, Citigroup, Bank of America Merrill Lynch, and Deutsche Bank, announced sharply reduced 2011 bonus plans to staff ...

  3. 36pc of HK bankers may quit if bonus disappoints

    Posted Feb 14th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com More than a third of Hong Kong bankers may consider changing jobs if disappointed with their bonuses, despite banks' efforts to manage bonus expectations. ... bonus. This figure is consistent with feedback from previous years but slightly higher than the figure for bankers in London, where only 33 per cent would seek a change if disappointed. ...

  4. Modest bonuses but few layoffs at firms

    Posted Feb 14th 2012, 12:00am

    ... George Chen george.chen@scmp.com Mainland securities firms are paying token 2011 bonuses of just one or two months' salary as the stock market continues to struggle. The benchmark ... and China Merchants Securities, two of the top 10 mainland brokerages, announced their bonuses last month. Other firms, including market leader Citic Securities, are set to pay their 2011 bonuses ...

  5. HK bankers brace for lower bonuses

    Posted Jan 09th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong bankers are bracing for smaller year-end bonuses due to weaker business in the second half of last year and this year's bleak economic prospects. 'There aren't much expectations on bonuses. They may drop by 20 to 30 per cent compared to 2010,' said Jerry Chang, director of Barons & Company, a headhunting firm. ...

  6. Governments have much to do with bankers' bonuses

    Posted Jan 12th 2012, 12:00am

    ... Jake van der Kamp As the financial year end draws to a close, the bonus payout plans of the world's largest banks are coming under the spotlight again, and governments will likely ... Such people do not come cheap. And thus we come full circle to the complicity of politicians in the executive pay packages against which they fulminate. Big bonuses in banking these days ...

  7. Cathay gives 5pc pay rise, month's bonus

    Posted Dec 03rd 2011, 12:00am

    ... and other Hong Kong-based workers - will benefit from the salary increase and a one-month year-end bonus. Pilots are excluded from the deal. The Cathay Pacific Airways Flight Attendants Union, which ... said its 160 Hong Kong-based ground staff would also get a 5 per cent wage rise and one-month bonus. Pay for cabin crew would be reviewed separately. According to a summer survey by the People ...

  8. 70pc grab HK$6,000 handout and forgo bonus

    Posted Nov 22nd 2011, 12:00am

    ... Simpson Cheung simpson.cheung@scmp.com More than two-thirds of people eligible for the government's HK$6,000 cash handout have opted to take the money now rather than wait and collect a HK$200 bonus. But this is less than the expected number, leaving the Treasury with a surplus in its coffers for the year. Some 4.2 million residents- about 70 per cent of those eligible- signed ...

  9. Tax officials admit bonus 'directive' was a fake

    Posted Aug 16th 2011, 12:00am

    ... bonuses- despite it being reported as fact in official media over the weekend. The administration vowed to pursue those who had fabricated the 'false' document that had 'confused and misled the public'. The 'document' followed recent revisions to the Personal Income Tax Law that avoided any mention of annual bonuses. So when it was reported that the directive ...

  10. Exchange boss urged to give up his bonus

    Posted Sep 01st 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Lawmakers have urged local bourse head Charles Li Xiaojia to voluntarily give up his bonus or pay rise following the exchange's failure to prevent ... over the exchange being unprepared for the attacks. 'Will Mr Li [Xiaojia] consider voluntarily giving up his bonus this year or decline any pay rise?,' asked lawmaker Lee Wing-tat ...




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