CORPORATIONS THROUGH HISTORY
HSBC The 'world's local bank' started off as a British company that took over the lucrative trade with China, after the Opium wars of the mid-nineteenth century had opened up the economy. After the second round of war's the Chinese government could only pay off it's massive war fines by turning to such merchants as the Hong King and Shanghai Bank. According to one historian, 'They...had the effect of placing the revenues of China almost totally in foreign control.' (Harrison, John A., China Since 1800, New York, harbinger, 1967, p.75). During the Chinese Revolution in the 1920s the European and American Shanghai merchants, led by the head of HSBC, armed themselves and siezed the city, with help from British warships. (op cit, p.132)
NICE WORK IF YOU CAN GET IT £75,000 for the finance director and £42,000 plus performance related pay for the 'senior financial analyst' of Metropolitan Housing Partnership (MPH) who own houses in Greater London, Cambridgeshire and the Midlands. MPH is a housing association, a registered social landlord (RSL) and thus a 'not-for-profit' company. It is therefore clear that not paying out to shareholders does not preclude supporting a class of wealthy business executives and consultants.
HSBC The 'world's local bank' started off as a British company that took over the lucrative trade with China, after the Opium wars of the mid-nineteenth century had opened up the economy. After the second round of war's the Chinese government could only pay off it's massive war fines by turning to such merchants as the Hong King and Shanghai Bank. According to one historian, 'They...had the effect of placing the revenues of China almost totally in foreign control.' (Harrison, John A., China Since 1800, New York, harbinger, 1967, p.75). During the Chinese Revolution in the 1920s the European and American Shanghai merchants, led by the head of HSBC, armed themselves and siezed the city, with help from British warships. (op cit, p.132)
NICE WORK IF YOU CAN GET IT £75,000 for the finance director and £42,000 plus performance related pay for the 'senior financial analyst' of Metropolitan Housing Partnership (MPH) who own houses in Greater London, Cambridgeshire and the Midlands. MPH is a housing association, a registered social landlord (RSL) and thus a 'not-for-profit' company. It is therefore clear that not paying out to shareholders does not preclude supporting a class of wealthy business executives and consultants.