算是總結了這段大貓風雲事件
不過這也是我讀過的第一篇高度評價老幾的文章
其實
咁大間機構
有乜嘢嘢係唔可以被replace嘅呢？
講緊嘅全部都係六十樓上樓下嘅高層
人都隨時會歸西啦
係咪？
點都好，佢唔叻係做唔到呢個位
不過江山代有人才出
一雞死自有一雞鳴……
http://www.forbes.com/2010/09/27/hsbc-geoghegan-ceo-markets-equities-chairman-executives-replace.html?boxes=Homepagechannels
HSBC Replaces An Irreplaceable CEO
Parmy Olson, 09.27.10, 07:40 AM EDTThe bank is losing a colourful character in Michael Geoghegan.
LONDON -- It's official: after working for 37 years at HSBC, Chief Executive Michael Geoghegan is leaving. A stream of reports, flatly denied by the bank, claimed last week that he was stepping down because the board would not appoint him as chairman. An article in the Financial Times cited “three sources” close the board saying this was the case, while sources at HSBC claimed in The Independent that “someone” had leaked “false and diabolical reports to the press." On Friday, however, the bank confirmed it had appointed a new CEO and chairman, and that Geoghegan was exiting the firm.
As a result HSBC loses one of the more colourful characters ever to have sat in its boardroom. With his forceful and at times intimidating persona, Geoghegan stood out in a bank well-known for its conservative way of doing business and avoidance of personality politics.
Geoghegan, pronounced “gey-gun,” was known within HSBC ( HBC - news - people ) for his straight-talking style, a man who liked to get to the point, and for his quick temper. Employees feared him and so, apparently, did some members of the board according to a source with knowledge of HSBC’s management strategy, who believes that contrary to HSBC’s protestations, Geogheagan did threaten the board with his resignation. “Geoghegan probably felt that he could bully them into making him chairman,” the person said, adding that it now appeared he had “massively miscalculated.”
Geoghegan has always been something of a brash character, though. Appointed as HSBC's chief executive in March 2006, sources say that during the financial crisis he liked to make references in his internal emails and speeches about how he had “been there before,” having for instance built HSBC’s presence in Brazil and survived the Argentine peso crisis. Nothing, in other words, could easily faze him.
Chairman Stephen Green, who is leaving to become a U.K. government minister for trade in January and whose departure sparked the race to fill his seat, could not have been more different. An opera-lover who has studied Russian so he can read some of the nation’s literary classics in the original and also speaks good Mandarin, Green had a more gentle management style. He threw “thank you” parties for the bank’s employees in 2009 after a successful bout of capital raising and also after a positive annual general meeting. “I don’t remember Geoghegan being there,” a source close to the bank said. "Employees feared Geoghegan, respected Green.”
This is not to say that Geoghegan was not admired. A hardworking “banker’s banker,” he held posts with HSBC all over the world throughout his time at the bank, spending twelve years in North and South America, eight in Asia, seven in the Middle East and three in Europe. A profile in the magazine Management Today described him as “decisive and quick-thinking,” a fast talker who would shoot from the hip.
It may just be that at this current point in the economic cycle, HSBC’s shareholders, not to mention its board, do not want Geoghegan’s sort of personality in the chairman’s role. There is also corporate governance guidelines to consider – since 2003 British companies have been advised not to elevate their CEOs to become chairmen.
HSBC’s choice of replacement for Geoghegan and for the chairman’s role that he coveted points to the “safe pair of hands” that the bank and its board are looking for: finance director Douglas Flint will succeed Green chairman while Stuart Gulliver will take over Geoghegan’s role as chief executive. Gulliver formerly headed up and has steadily grown HSBC’s Global Banking and Markets division (effectively its investment banking unit).
Known within the bank as its “rainmaker,” Gulliver, 50, is seen as something of an alpha-male type within HSBC, extremely erudite but having also taken up boxing while studying at Oxford University. He’s even sparred a bit with the British government: it was Gulliver who famously suggested a few weeks ago that HSBC may have to move its headquarters away from London because of state proposals to break up big banks.
The new chairman, Flint, is also seen as a conservative choice. With a background in accountancy and a stint at KPMG where he came to be well-respected, Flint’s deep knowledge of HSBC’s numbers is renowned among investors and staffers. “He’ll be the ‘safe pair of hands’ to restore stability after this little boardroom contretemps,” a source close to the bank said.
Geoghegan will step down as CEO and from the board on Dec. 31, 2010 but will continue to be employed by the bank in an advisory capacity until March 31, 2010, when he will retire, the bank said in an official statement. “It has been an honour and a privilege to serve HSBC,” Geoghegan added in the statement. “Douglas and Stuart will be an awesome combination and the company is in excellent hands." It is in very different ones at that.
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