TheGuardian – HSBC Hands 239 Banker £1m-Plus As It Prepares For EU Bonus Cap – 24 February 2014

The Guardian

Britain’s biggest bank gives top staff multimillion pound allowances to avoid the European Union bonus cap
By, Monday 24 February 2014 09.18 GMT
Quote: The bank’s chairman, Douglas Flint, who in the past has not qualified for bonus payments, is also in line for share awards because of his role in “intense regulatory change”. Flint can now get maximum pay of £4.6m a year, up from £2.4m.

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