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Article: HOUSEHOLD CEO WILL RECEIVE $10 MILLION IN HSBC STOCK.(William F. Aldinger )(Brief Article)
- Article from:
- Cardline
- Article date:
- December 27, 2002
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Household International Inc. Chairman and CEO William F. Aldinger will receive HSBC Holdings Plc shares worth $10 million and two annual $5.5 million stock payments as part of HSBC's acquisition of Household, according to Securities and Exchange Commission filings last week. Aldinger will continue to lead Household through 2003 and take over the reins of HSBC NA Inc. if the merger is completed as scheduled in next year's first quarter. Household is a mortgage lender, consumer-finance company and a major bank card and private-label card issuer. Other Household executives receiving stock bonuses include David A. Schoenholz, president and COO, Siddharth H. Mehta, card ...