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Tax scandal-hit HSBC is paying an astonishing £10,000 a day to BBC Trust chairman

Published: March 1, 2015
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Source: Daily Mail

The woman who leads the BBC is being paid a staggering £10,000 a day by the scandal-hit bank accused of helping millionaires to avoid paying tax.

The Mail on Sunday can reveal that Rona Fairhead – chairman of the BBC Trust – was paid more than £500,000 last year by HSBC for non-executive roles carried out working the equivalent of one day a week.

Last night MPs said the astonishing payment from the bank raised questions about her priorities, as it dwarfs the £110,000 salary she is paid to work the equivalent of three days a week to oversee the BBC on behalf of licence fee payers.

Salary: Rona Fairhead (pictured) – chairman of the BBC Trust – was paid more than £500,000 last year by HSBC for non-executive roles carried out working the equivalent of one day a week

And Mrs Fairhead's earnings don't stop there. She also earns £130,000 to be a non-executive director for American soft drinks giant PepsiCo.

The 54-year-old businesswoman was last night under pressure to quit one of her high-profile roles because of the competing demands on her time and fears over conflicts of interest.

Mrs Fairhead has faced criticism for her role as a non-executive director at HSBC after BBC1's Panorama programme broadcast damaging allegations that the bank's Swiss arm helped wealthy clients dodge millions of pounds in British taxes. HSBC then faced claims that it tried to influence media coverage.

Mrs Fairhead has so far declined to answer questions about what she knew about the Swiss bank's activities when she was the chairman of HSBC's audit committee.

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