{"id":10702,"date":"2012-05-25T22:02:07","date_gmt":"2012-05-25T20:02:07","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/update-2-hsbc-sees-no-big-deals-as-pay-row-fizzles\/"},"modified":"2012-05-25T22:02:07","modified_gmt":"2012-05-25T20:02:07","slug":"update-2-hsbc-sees-no-big-deals-as-pay-row-fizzles","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-hsbc-sees-no-big-deals-as-pay-row-fizzles\/","title":{"rendered":"UPDATE 2-HSBC sees &quot;no big deals&quot; as pay row fizzles"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* HSBC says 10.2 pct vote against pay plan, 13.7 pct inc<br \/>\nabstentions<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* &#8220;No&#8221; vote down from year ago<\/p>\n<p><span><\/span><\/p>\n<p>* CEO says no plans for big purchases in euro zone, Africa,<br \/>\nglobal<\/p>\n<p><span><\/span><\/p>\n<p>By Steve Slater and Matt Scuffham<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, May 25 (Reuters) &#8211; HSBC said it had no<br \/>\nappetite to take advantage of turmoil in the euro zone and make<br \/>\nbig acquisitions there or  anywhere else where rivals are<br \/>\nselling major assets.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We&#8217;re good at running our own businesses, we&#8217;re not so good<br \/>\nat making acquisitions, so history suggests that we would do<br \/>\nbetter to run our own firm and focus on that,&#8221; said Stuart<br \/>\nGulliver, chief executive of Europe&#8217;s biggest bank.<\/p>\n<p><span><\/span><\/p>\n<p>Gulliver was speaking after the bank&#8217;s AGM, where the bank<br \/>\nsidestepped an investor backlash on pay on the scale seen by<br \/>\nsome rivals.<\/p>\n<p><span><\/span><\/p>\n<p>It said 10.2 percent of shareholders voted against its pay<br \/>\nplan, above the average for a FTSE 100 firm but down from 18.7<br \/>\npercent last year. Including abstentions, 13.7 percent failed to<br \/>\nback this year&#8217;s vote.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s not a vote without significance,&#8221; Catherine Howarth, a<br \/>\nprivate HSBC shareholder, told Reuters. &#8220;It&#8217;s still sizeable. In<br \/>\nhistorical terms these are high levels of dissent.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* HSBC says 10.2 pct vote against pay plan, 13.7 pct inc abstentions * &#8220;No&#8221; vote down from year ago * CEO says no plans for big purchases in euro zone, Africa, global By Steve Slater and Matt Scuffham LONDON, May 25 (Reuters) &#8211; HSBC said it had no appetite to take advantage of turmoil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10702"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10702\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}