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HSBC shrugs off CEO pay complaints: US$37M pact irks investors.
(From Financial Post)
LONDON - Global bank HSBC sounded a cautious note about the world economy yesterday and said it had seen some deterioration in credit quality, while it shrugged off investor complaints over the pay of U.S. executive William Aldinger.
Chairman John Bond said at HSBC's annual meeting the bank's performance in the first four months of 2003 had been sound, although adding it was too early to assess the impact of the deadly SARS virus on its business.
"Looking further ahead, we continue to see the world economy characterized by weak growth, excess capacity and subdued revenues for corporates," Mr. Bond said.
He said lending opportunities remained subdued and the bank had seen a "modest deterioration" in its credit quality, with some increases in provisions against lending to companies in Hong Kong and Europe.
HSBC's shares fell 1% to 720 pence.
Household, the U.S. consumer finance business headed by Mr. Aldinger, which HSBC bought this year for US$14-billion, performed in line with expectations.
- Banking.(William F. Aldinger III, HSBC North America Inc.; Anne L. Arvia,...
- Magazine article from: Crain's Chicago Business September 5, 2005 700+ words
William F. Aldinger III Former chairman, CEO HSBC North America Holdings Inc. Prospect Heights Age: 58 Business: Banking Assets (millions): Not applicable Professional: MasterCard...
- HOUSEHOLD CEO WILL RECEIVE $10 MILLION IN HSBC STOCK.(William F. Aldinger...
- Newspaper article from: Cardline December 27, 2002 700+ words
...Chairman and CEO William F. Aldinger will receive HSBC Holdings Plc shares worth...stock payments as part of HSBC's acquisition of Household...Commission filings last week. Aldinger will continue to lead...take over the reins of HSBC NA Inc. if the merger...
- CEO's payment package is a Household shame.(Opinion)(William F. Aldinger to...
- Magazine article from: Crain's Chicago Business January 6, 2003 700+ words
...acquisition by London's HSBC Holdings plc goes...only will Mr. Aldinger land a promotion...short here. Mr. Aldinger had opportunities...struck a deal with HSBC when Household...month before the HSBC deal only makes Mr. Aldinger's rich compensation...
- People.(Sallie L. Krawcheck, Deanna Oppenheimer, Diana Taylor, William Aldinger)
- Magazine article from: American Banker Sundaramoorthy, Geeta August 5, 2005 700+ words
...Schwab Asset William Aldinger, former chairman and chief executive of HSBC North America Holdings...discount brokerage. Mr. Aldinger, 58, retired in April...and CEO since 1994. HSBC Holdings PLC bought it...for Schwab said Mr. Aldinger, who joined its board...
- William F. Aldinger, III Appointed President and Chief Executive Officer of...
- Press release article from: Business Wire June 1, 2006 700+ words
...offer our customers." Aldinger served until his retirement...the chairman and CEO of HSBC North America Holdings...services organizations. HSBC North America is the holding company for all of HSBC's U.S. and Canadian...Household International. Aldinger joined Household in 1994...
- Aldinger Defends Household's Accounting.(Brief Article)
- Magazine article from: American Banker Kingson, Jennifer A. December 5, 2001 700+ words
...conservative approach," William F. Aldinger used his time at a conference in New...today, in both the ROA and ROE," Mr. Aldinger said at the 12th Annual Bank CEO Conference...focused and avoid the land mines." Mr. Aldinger reiterated his financial projections...
- Walbridge Aldinger Co.
- Reference information from: International Directory of Company Histories January 1, 2001 700+ words
Walbridge Aldinger Co. 613 Abbott Street Detroit, Michigan...Nonbuilding Structure Construction Walbridge Aldinger Co. is one of the 50 largest construction...American and overseas locations. Walbridge Aldinger provides design, engineering, and project...
- WALBRIDGE ALDINGER EARNS FIRST FORD CONSTRUCTION STANDARD Q1 AWARD
- Press release article from: PR Newswire January 6, 1995 700+ words
...based construction company, Walbridge Aldinger, achieved the first Construction Standard...provide the best customer value. Walbridge Aldinger demonstrated its commitment to excellence...which included endorsements by Walbridge Aldinger clients. The review process includes...
