Philanthropist of the month
Michael Geoghegan, the chief executive of HSBC, has turned down the chance to become Britain’s best-paid bank boss by instead deciding that he will hand over his multi-million-pound bonus to a number of children’s charity. Geoghegan is Cause4′s philanthropist of the month, a man who at a time when the banking world has been subject to public [...]
Should executives be philanthropically accountable too?
Most recently, Bart Becht’s – Reckitt Benckiser’s Chief Executive – the brand behind Mr Sheen and Cillit Bang has donated £110m to charity. Similarly within financial services, as anger over bankers’ bonuses has engulfed the City, some of the highest-paid executives have publicly mollified an angry public by personally donating bonuses to worthy causes. The most high profile banker is Michael Geoghegan, Chief Executive of HSBC, who [...]
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