Household HSBC Watch

WK in Illinois said: “I have followed the entries on your website for several years and I can understand why HSBC customers and employees feel the way they do. I was employed at HSBC for 10 years in the HFC and Retail Services divisions of Household International which later became HSBC Finance. What I witnessed was a culture that views employees as exploitable and customers as mere consumers of product. The culture there is indeed a horror story where anyone who is capable of thinking critically is considered a pariah. It is no wonder that we are experiencing an economic crisis of such magnitude that the taxpayers are forced to bail out these predatory bottom feeders. And of course, was Household’s former CEO Bill Aldinger ever forced to account for his actions? No, he got a parachute.”

Editor’s note: This is the second reference to William F. (Bill) Aldinger this week. See the comment by CD in Minnesota. I don’t feel sorry for the guy.