The Traderszone Network

Published in TZ Latest News 23 May, 2014 by The TZ Newswire Staff

HSBC: 21% of investors oppose pay plans

More than a fifth of HSBC’s HSBA.L shareholders opposed the bank’s pay policy on Friday in the latest show of anger that banks have not reined in bonuses enough in the wake of the financial crisis. About 21 percent of investors who voted opposed HSBC’s vote on its pay policy for the next three years, not enough to block its plans but representing significant opposition. “If these people want to walk away, let them, and find someone else who will do the job for them,” he said to applause from other investors.

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