HSBC Holdings Plc’s overall bonus pool rose 10% to $3.93 billion, the highest in at least a decade after the bank delivered full year results that beat estimates.
The rise comes as Chief Executive Officer Georges Elhederylooks to pivot the lender towards more of a Wall Street-type bonus system as part of a sweeping overhaul. The new compensation structure will allow the bank “to attract, to hire and to retain talent,” Elhedery said in an interview on Bloomberg Television.
“Compensation has to be fair and has to be competitive, but it equally has to be differentiated to reflect talent ...
