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A new American board member, William F. Aldinger III, was up for an eye-popping playhouse three-year, $37.5 million financial package, and shareholders would playhouse get a chance to vote on it. First, they got a chance to sound off. "This playhouse American-style remuneration has no place in this country, and if you don't revise this package you will have set a very dangerous precedent," shareholder Victor Silk told HSBC chairman John Bond. But in the end, Aldinger carried off his saucer of cream with relative ease. Bond's argument that Aldinger would be getting slightly less than his previous pay package was grudgingly accepted by the majority of shareholders, and institutional investors voted heavily in his favor. And so Aldinger, who now ranks among the highest-paid executives in Britain, will take home $3 million in salary, $12 million in guaranteed annual bonuses, and $21 million in stock grants over three years, plus other lavish benefits on top of the $20.3
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