HSBC Hldgs The "allowance" element, of £300,000 a year for "family disruption", is likely to infuriate shareholders who recently rejected the bank's plans to award Mr Geoghegan a pay rise of almost 40pc. The allowance, "in recognition of the additional costs of living" in Hong Kong is almost equivalent to the estimated £350,000 salary increase planned. His "allowance" does not include housing, children's education or travel costs. Those will come under "benefits in kind" and are expected to be in excess of £500,000, which HSBC said "are normal within this location", compared with the £57,000 he received in 2009.   Related Articles Questor share tip: Hold HSBC – only a foolish investor would exclude it HSBC pays top bankers more than £9m each HSBC a reminder not all emerging markets are equal HSBC chief gives bonus to charity HSBC reports pre-tax profit of $7.07bn HSBC backs down on pay deal for chief Geoghegan Mr Geoghegan has taken over from Vincent Cheng as chairman of the Hong Kong bank.[Read more...]