Executive Compensation

10 times more London bankers may get hit by EU bonus cap

George Osborne. Photo: AFP

The European Banking Authority, which sets the rules for banks in the 27 European Union countries, is thought to have approved proposals that would require a cap on bonuses for anyone whose pay is more than €500,000 (HK$5 million).

Sunday, 19 May, 2013, 9:23am 1 comment

Secret bosses' business

Former JC Penney chief Ron Johnson had the highest chief executive-worker pay multiple of S&P 500 firms last year. Photo: AP

Former fashion jewellery saleswoman Rebecca Gonzales and former chief executive Ron Johnson have one thing in common: JC Penney no longer employs either.

2 May 2013 - 3:47am

Executive pay needs reform, not just crackdown

Thomas Minder, councillor of State and initiator of the 'Against rip-off' initiative in Switzerland. Photo: Reuters

It's no fun being a top executive these days. Whether it's Europe, China or even the United States, increasingly tough limits are being placed on executive compensation, sometimes with the full force of new legislation.

13 Mar 2013 - 3:00am

Don't blame the fat cats. Trail of cream leads back to you

HSBC chief Stuart Gulliver. Photo: Bloomberg

Let's put some perspective on this howl of outrage. HSBC chief executive Stuart Gulliver, for instance, got total compensation last year of US$14.1 million or 0.068 per cent of the bank's pre-tax earnings of US$20.6 billion.

10 Mar 2013 - 2:52am 12 comments

Swiss vote on fat-cat pay a victory for business

Swiss lawmaker Thomas Minder, who has championed the restrictions on fat-cat pay proposal for more than five years. Photo: EPA

Sixty-eight per cent of Swiss voters have backed a constitutional amendment on "fat cat" pay. Sunday's verdict was clear: shareholders of publicly listed companies will have a binding say on pay.

6 Mar 2013 - 2:51am

The bucks stop here

The directors of Barclays Bank are probably still recovering from what must rate as one of the bank's most troubling annual meetings. One-third of the shareholders voted against the board's remuneration report and witnessed the chairman, Marcus Agius, pledging to cut executive pay and distribute more cash to shareholders.

7 May 2012 - 12:00am

Prenups would ease corporate divorces

Everyone around the world is getting a prenup, but not in Hong Kong. It's not a pretty idea, but is eminently sensible. Indeed, the notion is so powerful there ought to be a mandatory corporate version for companies when they hire CEOs. That might help in corporate 'divorces', where many companies have had to shell out tens of millions just to sack incompetent executives.

14 Nov 2011 - 12:00am

HK executives prefer cash bonus over stocks

What gets you out of bed in the morning? If you are an executive or director in Hong Kong, it could be your short-term incentive (STI) compensation plan.

The proportion of the 2010 rise in executive compensation made up by STIs - annual bonuses and the like - was one of the most notable features of Ernst & Young's 2011 China and Hong Kong executive compensation report.

3 Sep 2011 - 12:00am

Lai See

Shades of Miranda Priestly in Prada's IPO media chief

9 Jun 2011 - 12:00am

Patience running thin over state firms' fat pay scales

Pay is always a hot topic on the mainland. This week the spotlight has been squarely on China Mobile, the country's largest phone operator.

On Wednesday a newspaper reported the State Asset Supervision and Administration Commission had ordered the company to cut pay rates by 10 per cent a year for the coming five years.

27 Feb 2010 - 12:00am

Beijing may extend executive salary caps

Beijing is considering widening a proposed ceiling on compensation for executives at financial firms to other state-owned enterprises (SOEs) amid calls for such an austerity measure to prevent potential social discontent in an economic downturn.

20 Feb 2009 - 12:00am

Days of the seven-digit bonus are far from over

Fat-cat fatigue is hitting new highs in Britain. Having just bailed out a number of the country's banks, taxpayers are up in arms over the sums of money expected to flow to bankers as the City enters bonus season.

16 Nov 2008 - 12:00am

In Brief

H-share CEO pay 'will catch up' with red-chip counterparts

11 Oct 2008 - 12:00am

Jiangxi Copper to launch stock incentive plan

Jiangxi Copper, the mainland's largest integrated copper producer, plans to adopt a stock incentive plan to motivate senior executives in a bid to spur their performance.

29 Dec 2007 - 12:00am

Critics question bonuses for hospital chiefs taking pay cut

Executives at the cash-strapped Hospital Authority receive a 15 per cent end-of-contract gratuity, which could more than make up for the pay cuts they have agreed to take, according to critics.

23 Jul 2002 - 12:00am