In 2008, the top five earners at HSBC were paid a total of US$ 61.567 million with the highest earner receiving £ 13.7 million with the second highest earner receiving over £ 11 million.

Employee compensation and benefits

Note 8 on the Financial Statements gives details about employee compensation and benefits including pension plans.

Set out below is information in respect of the five individuals whose emoluments were the highest in HSBC for the year ended 31 December 2008.

Emoluments of 5 highest paid employees (£'000)

Basic salaries, allowances and benefits in kind....................................................... 1,059

Pension contributions ..............................................................................................   74

Bonuses paid or receivable..................................................................... ..............16,386

Inducements to join paid or receivable .................................................................16,050

Total............................................................. .......................................................33,569

Total(US$000) ............................................ ........................................................61,567

Their emoluments were within the following bands:

                                                                 Number of

                                                                 Employees

£2,600,001- £2,700,000 .............................  1

£2,800,001- £2,900,000 .............................  1

£3,200,001- £3,300,000 .............................  1

£11,000,001- £11,100,000 .........................  1

£13,700,001- £13,800,000 .........................  1

The aggregate remuneration of Directors and Senior Management for the year ended 31 December 2008 was US$49,835,745.

The aggregate amount set aside or accrued to provide pension, retirement or similar benefits for Directors and Senior Management for the year ended 31December 2008 was US$1,916,120. 

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