HSBC bosses reap the benefits of recovery from crisis

HSBC PAID its top 14 directors shares worth more than £8.5 million in the first bonus awards since the credit crunch of 2008. The payout also reflects a very different type of scheme from the incentive plans which saw highly paid executives walk away from several failing institutions with large cash bonuses. The HSBC executives will in many cases have to keep their shares for five years and some until retirement making longer term stable growth much more attractive. HSBC has recently renewed its sponsorships with FEI (World Cup Eventing), golf (HSBC Abu Dhabi Golf Championship, The Open) and rugby (Sevens World Series) in deals worth up to $3m per year.