Report: HSBC Selling Upstate Bank Bra...

Report: HSBC Selling Upstate Bank Branches

There are 1 comment on the WGRZ-TV Buffalo story from Jun 17, 2011, titled Report: HSBC Selling Upstate Bank Branches. In it, WGRZ-TV Buffalo reports that:

The American Banker , a banking industry trade journal, is reporting that HSBC Holdings, PLC has put its upstate New York bank branches up for sale, including those in the Buffalo area.

Join the discussion below, or Read more at WGRZ-TV Buffalo.

Michael Mason-Mahon


#2 Jun 19, 2011
We have given HSBC and the Chairman an opportunity to send a response if they have any objections before posting this article.





You may like to go to HSBC’s AGM and see for yourself the Chairman's behaviour.

Please go to questions and answers 40:11 min's in then go to Resolutions 19:02 min's in.

The question is, did the Chairman give false and misleading information to Shareholders and the AGM?

Even when he had the facts, why did the Chairman ignores the True Facts?

So why would the Chairman give false and misleading information, did he refuse to tell the truth?

The question we ask Has Shareholders Been Cheated ?

Below part of a letter send to the Chairman.

(Abusing Your Position as Chairman at the AGM)

It is my personal belief that you abused your position as Chairman of HSBC Holdings PLC at the AGM. May I also express my disgust at your behaviour towards me. As Chairman you were in possession of the facts and I do question why you gave false and misleading information to Shareholders and the AGM.)

Richard Hennity response to the my letter to the Chairman was, I note the allegation (sorry Richard they are the facts) and criticisms of the Chairman that you have made in your letter which we do not accept and as far as I am concerned (so he is not concerned that the Chairman did not tell Shareholders the truth) do not warrant a response.

As shareholders we own this Bank, we have addressed serious question about the Chairman's behaviour, yet this employee in his wisdom states that they do not warrant a response.

When asked to put the reasons for his decision in writting he refused and he is General Counsel at HSBC.

The question is; Has this employee a duty not only to HSBC but also about HSBC’s Integrity, Reputation and Character also a duty to Shareholders?

The question is, was the Chairman negligent in giving false and misleading to the AGM, should Shareholders be questioning his ability to be our Chairman.

The question is by his actions at the AGM has the Chairman brought his office into disrepute and has he made his position as Chairman untenable?

Chairman admitted that Shareholder returns have been “inadequate” for the last five years. Since 2006 three Directors have filled their pockets with pay and awards of over £80,965,000. Mr Flint has filled his pockets with pay and awards of £18,712,000 for inadequate returns to Shareholders. Mr Gulliver’s pay and awards since 2008 £27,236,000.

Worried Shareholder

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Canisius College Discussions

Title Updated Last By Comments
News Artists for Autism (Apr '16) Apr '16 Buck Rohde 2
News Expert Studies Traits That Impact the Ability o... (Jan '16) Jan '16 TRUE BRIT 4
News Rape charges dropped against NY man after error (Nov '13) Nov '13 zeldo 5
News Innovative NY program picks up college tuition (Aug '13) Aug '13 hello 17
News Dogs and Cats in the Home: Happiness for All? (May '13) May '13 _0rion_ 7
News President of St. Peter's Prep says he'll leave ... (Mar '13) Mar '13 Dale 1
News St. Peter's Prep president announces he'll step... (Mar '13) Mar '13 Jesuit 1
More from around the web