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Bonus Watch '11: HSBC CEO

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Can you name the CEO of HSBC? Could you rattle off a list of his favorite foods, like you could with Lloyd, or the girl he lost his virginity to, like you could with JD, which is to say, do you treat him like a celebrity you have a moderate to major obsession with (or just some banker)? No and no? That might've hurt Stuart Gulliver's ego in another time and place (like last year when he got paid a 2.9 million-pound bonus) but now his tears are dried by the 13.3 million pounds ($22 million) compensation package he's set to receive.

The bank’s compensation committee, which meets with investors this week, is proposing Gulliver should get a 1.25 million-pound base salary in 2011, a bonus of as much as three times that amount and a long-term incentive payment equivalent to six times his salary, said the people, who declined to be identified because the figures aren’t public. Gulliver would get the LTIP in shares after five years and would be required to own them until his retirement from the industry, the people said.

John Thornton, the ex-Goldman Sachs Group Inc. president who oversees HSBC’s compensation panel, is also asking investors to back a plan that would change the terms of Gulliver’s long- term incentive plan to include a range of non-financial targets such as reputation, brand and compliance, the person said. His predecessors’ targets were solely financial, and included return on equity and cost-efficiency ratios. The change is likely to meet opposition from some HSBC investors, the person said.

It's slightly unclear how "reputation and brand" will be quantified but it sounds like we can all be a part of making sure Gulliver gets paid.

HSBC Said to Seek Backing for 13.3 Million-Pound CEO Pay Package [Bloomberg


Bonus Watch '13: Jefferies CEOs

Dick Handler ended up doing pretty okay for himself.

Stu Gulliver The Right Man For The HSBC CEO Job: Stu Gulliver

He's looked at the other candidates and decided that he is uniquely qualified to "fix" the mess that HSBC is in that took place while he was a senior executive at the bank.

Bonus Watch '12: Retired Citigroup CEOs

Uncle Vik may or may not be getting a little something extra in his stocking, depending on how generous Citi is feeling. Vikram Pandit, who stepped down yesterday as Citigroup’s chief executive officer, stands to forfeit almost $33 million in cash and stock from a retention package unless the board gives him a payout to ease his exit. Citigroup formulated a plan last year that, based on the firm’s performance so far, would have given Pandit $19 million through a profit-sharing agreement, deferred stock now valued at $9 million and $4.6 million in options, according to the terms of a May 2011 regulatory filing and data compiled by Bloomberg. The plan required Pandit, 55, to be employed at the bank through various payment dates, most of which haven’t been reached. It’s typical for CEOs who resign to forfeit previously negotiated severance and to work out an alternative payout agreement with the board, said Steven Hall, managing director of Steven Hall & Partners, a New York-based executive compensation consulting firm. Pandit getting nothing would signal that “he stood up and said, ‘I’m resigning,’” Hall said. If he gets a payout, “then the question is, did they give him that in order to smooth the path to his resignation or termination? Or did they look at him and say, ‘You know what, you did a hell of a good job during a very, very rough time, we’d like to do something nice for you,’” Hall said. Pandit Could Forgo $33 Million as Exit Voids Retention Plan [Bloomberg]