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 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
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 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
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
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
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
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