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.
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SAN ANTONIO–(CCNMatthews – Nov 18, 2005) -
Today marks the birth of AT&T Inc. and of a new standard-bearer in communications, entertainment and service for the 21st century. SBC Communications Inc. (NYSE:SBC) closed its acquisition of AT&T Corp. today as California regulators approved the transaction — the final approval needed for the merger of the companies’ highly complementary networks, product portfolios, capabilities and shared heritage. The combined enterprise will immediately begin a well-planned integration process, allowing the new AT&T family of companies to quickly deliver benefits for both customers and stockholders.
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Charles Schwab recently appointed William F. Aldinger to Schwab’s board of directors. As such we monitor Charles Schwab. See Schwablems here.
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As Household – HSBC Watch monitors Charles Schwab, William Aldinger, and any potential move by HSBC we call your attention to a new website called “Do You Have a Schwablem?” IT appears, however, that Schwab may have a Schwablum or two as market share is dropping, stock price is dropping, and they are buying back as much stock as they can. Please visit Do You Have a Schwablem today to participate in their discussions and read their informaiton.
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With the addition of William F. Aldinger to the board of directors at Charles Schwab, consumer advocates at Household – HSBC Watch said they would watch Charles Schwab as well as HSBC. Investigators discovered that Aldinger’s assistant is still employed by HSBC. Intelligent minds ask if Schwab is for sale, or is Schwab going to branch out into predatory high-risk lending. Is Aldinger the front man for HSBC, or will Schwab start a new risky venture? Is Aldinger really retired from HSBC? How will Schwab turn the company around, and is Aldinger the right choice for the board of directors?
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