• Mon
  • Dec 22, 2014
  • Updated: 8:00am


Barclays raises bonus payout despite drop in earnings

Barclays raised bonuses at its investment bank by 13 per cent while profits in the unit slumped 37 per cent. Photo: Reuters

Barclays said it paid out £2.4 billion (HK$30.5 billion) in incentive awards for last year after raising bonuses in its investment bank by 13 per cent despite a slump in profits in the business.

Wednesday, 12 February, 2014, 5:01pm

Sony executives give up bonuses after losses

Kazuo Hirai (centre), plans big job cuts at Sony. Photo: Bloomberg

Sony executives will give up their bonuses after firm's main electronics business was unprofitable for a second year.

The board backed a proposal from chief executive Kazuo Hirai that management forgo bonuses worth 30 per cent to 50 per cent of their annual pay in the year to March 31, Sony spokeswoman Mami Imada said this week.

4 May 2013 - 7:03am

Barclays bankers focused on revenue at expense of clients: Salz's report

Barclays' consumer unit said in October it would stop awarding bonuses to employees based on sales and instead focus on customer satisfaction. Photo: EPA

In the report, commissioned by the bank after it was fined £290 million (HK$3.4 billion) in June for manipulating Libor, Rothschild vice-chairman Anthony Salz criticised Barclays for failings in its culture.

4 Apr 2013 - 3:35am

HSBC's Gulliver becomes poster boy for Brobdingnagian bonuses

Stuart Gulliver. Photo: Bloomberg

HSBC just announced disappointing results for 2012, a year full of bad news for the global bank founded in Hong Kong and Shanghai. Despite bad results, chief executive Stuart Gulliver still secured a bonus of £1.95 million (HK$22.7 million) for last year. His total compensation came to HK$109 million, including the release of deferred bonuses from previous years. For comparison, Gulliver's total compensation in 2011 was HK$82 million.

14 Mar 2013 - 2:34pm 1 comment

European nations and China seek to curb pay for executives and bankers

Illustration: Henry Wong

Sickened by years of financial crises and reports of huge salaries and bonuses for the executives and bankers they say plunged the global economy into chaos, governments and voters around the world are moving to put the fat cats on a pay diet.

8 Mar 2013 - 5:30am

StanChart raises dividends, cuts back on top bonuses

Standard Chartered Asia chief executive Jaspal Bindra says the bank will continue hiring. Photo: Nora Tam

Standard Chartered lifted its 2012 dividend payout 11 per cent but bonuses paid to top executives slipped amid higher regulatory costs.

6 Mar 2013 - 5:18am

Make Hong Kong more family-friendly says women's survey

Su-Mei Thompson: themes

New research shows that Hong Kong requires better policies to make the city a more family-friendly place to live and raise children.

These findings are just one of many in a series of three big reports launched by the Civic Exchange and commissioned by the Women's Foundation, with financial support from Goldman Sachs.

23 Feb 2013 - 3:16am

The new no-business, no-bonus reality

Disappointing results for 2012 are forcing many mainland securities firms to pare bonuses. Photo: AP

Mainland securities firms, many of which expanded rapidly in the past few years, are being forced to follow their foreign competitors by tightening up on hiring and bonuses after a disappointing year.

22 Feb 2013 - 12:06pm