Reuters first with shock bumper payout for HSBC bankers

Reuters beat rivals to report on March 1 that HSBC was paying its top banker 10 million pounds and two others over 9 million pounds, which overshadowed results from Europe’s biggest bank. Reuters was quick to dig into the bank’s annual report to discover the bumper bonuses, and its snaps were unmatched by both Bloomberg and Dow Jones. Reuters later in the week reported that CEO Michael Geoghegan is getting an extra $450,000 a year for his move to Hong Kong.