HSBC Faces Investor Criticism Over Pay
From Bloomberg News
HSBC Holdings met with shareholder criticism at its annual meeting in London over the pay of William Aldinger, head of its U.S. consumer finance business.
Aldinger, chief executive of Household International Inc. when HSBC bought the company in March, got $20.3 million in severance for the termination of his contract. He will earn about $36 million in the next three years as head of all of HSBC’s U.S. businesses.
HSBC shares fell 21 cents to $59.27 on the NYSE.
From Bloomberg News
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
