Thought Hester's bonus was bad? Check out the other FTSE 100 finance CEOs' packages

We’ve gone through the pay packages of all FTSE 100 CEOs in the financial sector to help you decide whether Hester’s bonus was really so extravagant. So, should the Hester pestering continue?

1. Michael Spencer, chief executive, ICAP

Bonus: £4.1m

Michael Spencer, CEO, ICAP

Total package: £7.6m

Annual salary: £0.36m

Benefits: £3,984

Bonus in lieu of the dividend on Bonus share matching plan (BSMP) award: £955,635

Michael Spencer took home a £3.15m bonus for the year ended March 31, 2011. Add to this the £0.9m BSMP bonus awarded, and you might wonder why the fatcat police didn’t feel the need to frisk his take-home too.

2. Stuart Gulliver, group chief executive, HSBC

Bonus: £3.75m

Stuart Gullliver, chief executive, HSBC

Total package: £13.3m

Annual salary: £1.25m

Other:  A long-term incentive payment equal to six times his salary

HSBC’s head honcho is expected to receive a mammoth £3.75m bonus that is three times his base salary. In light of the bonus hullabaloo of late and the fact that HSBC got a whopping great fine last year for mis-selling, does the public and government think Gulliver should also renounce the bountiful bonus? Funnily enough, we haven’t heard any bear-baiting on this one.

Watch out for the HSBC annual report hitting headlines on 27 February for the latest info.

3. Michael Dobson, chief executive, Schroders

Bonus: £3m

Michael Dobson, chief executive, Schroders

Total package: £3.4m

Annual salary: £0.4m

Other: A cash payment of £58,000 and benefits in kind worth £9,000

Dobson took home a £3m bonus over his £0.4m salary in 2010. Watch out for the annual report coming out on 8 March for his 2011 take-home.

4. Antonio Horta-Osorio, chief executive, Lloyds TSB

Bonus: £2.4m - waived

Antonio Horta-Osorio, chief executive of Lloyds

Total package: £6. 2m

Annual salary: £1.06m

Antonio Horta-Osorio declined a bonus last month after he returned to work following a two month absence due to fatigue. Horta-Osorio took over from JE Daniels as chief executive in January 2011. Daniels took home a bonus worth £1.45m last year on top of his £1m pay deal (a total of £2.57m for Daniels in 2010).

5. Bob Diamond, chief executive, Barclays Bank

Bonus: £900,000 to £2m

Bob Diamond, chief executive, Barclays Bank

Total package: £10m

Annual salary: £1.35m

Other: Shares of up to five times his £1.35m salary

Diamond will definitely not strike gold this year. Why? Barclays performance is slightly down on last year, so his cash bonus ought to be somewhere between £900,000 and £2m - peanuts compared to the £6.5m bonus he took home last year. So will this “£100m banker” waive his bonus this year? Hmmm.

6. Peter Clarke, executive director, Man Group

Bonus:  $1,750,000 (£1.1m)

Peter Clarke, Man Group

Total package: $2,696,000 (£1.7m)

Annual salary: $925,000 (£0.58m)

Other: Benefits of $21,000 (£13,228)

Clarke’s base salary and bonus is almost three times less than the other bonus bravados. He got a performance cash bonus worth $750,000 (£0.47m) and a performance bonus with mandatory deferral worth $1m (£0.63m).

7. Stephen Hester, chief executive, RBS

Bonus: £1m

Royal Bank of Scotland CEO Stephen Hester

Total package: £7.38m

Salary: £1.2m

Other:

£4.8m long-term incentive plan

£420,000 in pension contributions

Hester was in line to get 3.6 million shares worth £963,000, but declined the bonus after the massive political storm. Hester this week told the BBC that he considered resigning, but chose against it because it would’ve been too “indulgent”.

8. Peter Sands, group chief executive, Standard Chartered

Bonus: $0.7m (£0.44m)

Peter Sands, Standard Chartered

Total package: $7,800,000 (£4.9m)

Annual salary: $1,544,000 (£0.97m)

Others:

Benefits : $115,000 (£72,487)

Share allocation: $700,000 (£441,107)

Deferred shares: $2,100,000 (£1.3m)

Sands takes home a £0.44m bonus which is far less than his financier peers in the FTSE100. Is that a good or bad thing? We’ll leave it to you to decide.

So what do you think of Hester’s bonus compared with the other FTSE 100 CEOs? Let us know in comments below

Readers' comments (1)

  • IS THIS THE REAL HSBC?

    A resolution was pass at an HSBC's AGM that a maximum a Director could receive was four times basic salary in cash or seven time basic salary in shares.

    People should look at Mr Gulliver's previous bonuses, they far exceeded what the resolution allowed?

    You may want to know that the previous Chairman and CEO are working for the Government, could this be the reason is why the Prime Minister is reluctant to call for investigation of HSBC Holdings PLC.

    The press should look at Lord Green (ex-Chairman) Mr Flint (current Chairman) of HSBC Holdings PLC?

    As for the Prime Minister he says I do not reward BANKERS, may I suggest you think again. You made Green a Lord the previous Chairman of HSBC PLC. He now works for the government, NOT A REWARD???
    Can Lord Green claim £300 per day for sitting in the Lords?

    Remember this is not a REWARD is it Prime Minister????

    Help Stop Bankers Cheating, will the PRIME MINISTER HELP????


    When GREEN was Chairman what did he do to HELP the customers in India?


    The FSA has received complaints about the Chairman of HSBC Holdings PLC what have they done about him??
    Should the FSA tell the markets it is investigating the Chairman (Mr Flint) for giving FALSE and MISLEADING information to Shareholders at the 2011 AGM. Did the current Chairman ( Mr Flint) LIE about complaints in India and did he CHEAT shareholders of the truth at the 2011 AGM?

    The Chairman (Mr Flint) has admitted that Shareholder returns have been "inadequate" for the last five years. Since 2006 three Directors have filled their pockets with pay and awards of over £80,965,000. Mr Flint has filled his pockets with pay and awards of £18,712,000 for inadequate returns to Shareholders. Mr Gulliver's pay and awards since 2008 £27,236,000.

    Help Stop Bankers Cheating, will the PRIME MINISTER HELP????
    Remember Lord Green ??????

    Complaints have been registered with the Financial Services Authority in London concerning the Chairman of HSBC PLC. This complaint is about the Chairman giving false and misleading information to shareholders at the 2011 AGM.
    I do believe that the Chairman's actions at the AGM did breach LR 1.3.2 and LR 1.3.3 of the Listing Principles.

    FSA has had this complaint since 14 September, should the FSA state it is investigating the Chairman of HSBC PLC?
    Below are the reasons why we think that the FSA should inform the market.
    6.3 Where it is investigating any matter, the FSA will, in exceptional circumstances, make a public announcement that it is doing so if it considers such an announcement is desirable to:
    (1) maintain public confidence in the financial system or the market; or
    (2) protect consumers or investors; or
    (3) prevent widespread malpractice; or
    (4) help the investigation itself, for example by bringing forward witnesses; or
    (5) maintain the smooth operation of the market.

    False and Misleading information concerning the number of complaints registered.

    April 09 to March 10 No. Complaints received 58,851, April 10 to March 11 No. Complaints received 35,347. The Chairman state it would be down by 2/3.Was this true?

    Did he tell the truth about the complainants in India?
    Did the current Chairman ( Mr Flint) LIE about complaints in India and did he CHEAT shareholders of the truth at the 2011 AGM?

    Take a look at the front page of the Citywire Money website - http://citywire.co.uk/money/exclusive-hsbc-s-indian-compensation-battle/a521913?ref=citywire-money-latest-news-list

    I once again attended AGM on the 27 of May 2011 where again I stated my concern about HSBC India and its behaviour towards their customers.

    You may first like to go to HSBC AGM, go to questions and answers 40:11 min's in then go to Resolutions 19:02 min's in. As you will see Mr Flint could not get his facts right or was he misleading shareholders or was this just another weakness by the Chairman. The information the Chairman gave about customers complaints in India was not totally true.

    This link is the evidence and please see for yourself the behaviour of the Chairman of HSBC PLC.
    http://www.thomson-webcast.net/uk/dispatching/?event_id=eca849a680d030eb64ea12771acb40a3&portal_id=a909599fec8e2cfbf4564049bdecc311


    The Chairman stated that is was a invidious irritation to customers when they were registered on CIBIL.

    It is not an invidious irritation, it prevents a person from borrowing from any other lender, it has a very serious impact on that person and their lives.

    Did the Chairman trivialise their complaints or was he trying to belittle the complainants in India?

    Is this Chairman just ignorant to what it means when a person is registered on CIBIL or did the Chairman deliberately give false and misleading information to shareholders and the AGM?
    YOU DECIDE.

    The Chairman states “maintaining our reputation and our integrity”
    “Everything we do is governed by the imperative of upholding HSBC’s corporate reputation and character at the highest level”.

    Is HSBC Holdings PLC under investigation by a U.S. Senate panel in a money-laundering inquiry?

    Ask the 505,000 Customers in India who have REGISTERED COMPLAINTS between 2006-2011 what they THINK about HSBC'S REPUTATION, INTEGRITY and CHARACTER and what HSBC.

    The Hongkong and Shanghai Banking Corporation Limited in India, has it LIED, has it CHEATED and has it FALSLEY registered and misused CIBIL, this is what customers and non-customers in India is complaining what they have done to them.

    Should he still be the Chairman? YOU DECIDE.

    Michael Mason-Mahon
    E-mail: ckmdm@aol.com
    Mobile: 0044 7834763544

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