The firing of RBC‘s CFO shines a fresh spotlight on office relationships: ‘This kind of behavior happens more often than you realize' [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
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Source: Yahoo! Finance
in an “undisclosed close personal relationship” with another employee— a violation of the firm's Code of Conduct The other employee in the relationship, who wasn't named, also was terminated. According to the bank, the relationship “led to preferential treatment of the employee including promotion and compensation increases.” RBC, which appointed Katherine Gibson—a 22-year veteran of the bank—as interim CFO while a search is conducted for a full-time replacement, also said there's no evidence Ahn's conduct affected the bank's business. (RBC, one of Canada's largest banks, with more than 17 million clients in over two dozen countries, announced last month the completed acquisition of HSBC Bank Canada for $10.1 billion Regarding Ahn's situation at the office, “this kind of behavior happens more often than you realize,” said Shawn Cole, president and founding partner of Cowen Partners, a C-suite-focused executive search firm. “Most organizations are not as public about the circumst
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HSBC
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- 4/29/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/23/24 - Form 6-K
- HSBC's page on the SEC website