It's funny how the numbers add up !

HSBC is to pay chief executive, Michael Geoghegan, an additional £800,000 a year in 'allowances' and 'benefits in kind' for moving his family from London to Hong Kong. The extra allowance includes £300,000 for 'family disruption' and has been made 'in recognition of the additional costs of living' in Hong Kong. However, it comes after shareholders rejected plans to award Mr Geoghegan a pay rise of 40%, or £350,000.