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HSBC under fire from all sides at AGM
Bank sees 11% of investors vote down the pay report as it is attacked by environmental campaigners,
former staff - and Bill Oddie
World Development Movement campaigners set up a Carbon Bubbles champagne bar serving oil from
champagne bottles outside HSBC's AGM.
Angry shareholders of HSBC on Friday bombarded the group's board with barrage of accusations ranging
from financing Mexican drug cartels to supporting tax havens, slashing jobs and mis-selling products.
At the banking firm's first annual general meeting since paying a record $1.9bn (£1.2bn) in penalties to
settle US money laundering claims, they also rounded on the directors with charges of hunting down
whistleblowers and grabbing bloated bonuses.
Environmentalist and broadcaster Bill Oddie joined the tirade of attacks in London's Barbican Centre,
accusing the bank of financing the desecration of forests in Sarawak and Borneo. Outside the AGM,
campaigners from World Development Network confronted bankers with champagne flutes filled with
'carbon bubbles' to protest against the bankrolling of climate change, while street theatre performers
heckled arriving executives.
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