The HSBC board is there to look after the interests of the shareholders, not the principles of the CEO. So far, those principles have cost $54 billion in write-offs and $15.5 billion in cash, and the dividend, once one of the safest in the world, has been chopped. The shareholders have surely paid enough; it’s time for Green to abandon the moral high ground and cut them loose from this ruinous business.
(A quote by Reuters columnist Neil Collins)
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