Who gets what: the big four banks

Published on Tuesday 31 January 2012 00:00

RBS: Chief executive Stephen Hester will forgo his £963,000 share bonus after public and government pressure.Chairman Sir Philip Hampton has announced he will also waive his £1.4 million pay-out.

Barclays: Chief executive Bob Diamond is predicted to pocket a £10m bonus package this year. Once described by Lord Mandelson as “the unacceptable face of banking”, Mr Diamond is entitled to a bonus in shares of up to seven-and-a-half times his £1.35m salary.

Lloyds Banking Group: Chief executive Antonio Horta-Osorio waived £2.4m after taking a two-month leave of absence to deal with a stress-related illness. After joining the firm from Santander in January last year, he announced this month that the impact that his leave of absence had on 41-per cent taxpayer-owned Lloyds was the reason he did not want a bonus.

HSBC: Stuart Gulliver, chief executive, is expected to be handed a bonus package worth up to £4.8m. In 2010, he received a bonus of £9 million in stock, with base pay of £826,000. Former chief executive Michael Geoghegan said in 2010 that he would be giving his £4m bonus to charity, while chairman Stephen Green said he would no longer receive any form of annual bonus payment.

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