02 March 2015

Nice work if you can get it

The Times reports (paywall):
Rona Fairhead, the chairwoman of the BBC Trust, was urged to give up working for HSBC yesterday after it emerged that she was paid more than £10,000 a day by the beleaguered bank.
MPs claimed that Ms Fairhead’s earnings from HSBC, whose Geneva branch has been accused of facilitating tax evasion, raised questions about her priorities because it dwarfs the £110,000 she receives for working three days a week overseeing the BBC.
Ms Fairhead was paid £513,000 last year by HSBC for about 50 days work, including £334,000 as the non-executive chairman of HSBC North America, £160,000 as the non-executive director of HSBC Holdings and £19,000 in expenses and other benefits.
The businesswoman, 53, who also earns £130,000 for working up to 25 days a year from PepsiCo, has insisted that her BBC work is her “first priority”.
Why?  Because she's worth it - probably ...


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