atans1

Standard Chartered: more copycating of HSBC

In Temasek on 10/03/2010 at 5:57 am

Now that Standard Chartered has followed HSBC in saying that it wants to get a China listing–  just  after  its CEO  said it will donate his bonus to charity, ala HSBC’s CEO — maybe it will announce that it wants to buy a bank in China: what HSBC was reported as planning.

Some people are surprised that Temasek did not quash the bonus plan. You can only guess why they tot Temasek would be upset. But remember Temasek says it does not interfere with its investee cos’ commercial decisions.

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