LONDON - Stephen Green, a preacher, lover of Russian literature and chief executive of HSBC (HSBA.L: Quote, Profile, Research), will next year step up to the biggest job in British banking as he crosses the corridor to the executive chairman’s office. Green, who has been HSBC’s CEO since June 2003, will step into the shoes of John Bond to take the helm of the world’s third biggest bank, which operates in 77 countries, has 250,000 employees and 110 million customers.
Green, married with two daughters, was paid 1.7 million pounds last year, less than half Bond’s pay, and he has said he doesn’t mind if his investment bankers earn more. “Plenty of people in this organization earn more than me. I genuinely don’t care,” Green has said in a past interview.
William Aldinger, former head of predatory lender Household International, earned much more than Green after HSBC bought the troubled lender. Aldinger is now retired from HSBC.
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