HSBC Activist Levels New Criticisms

[Frank]

HSBC Activist Levels New Criticisms
BY JASON SINGER
Word Count: 522
Activist shareholder Knight Vinke Asset Management, which has been waging a campaign against HSBC Holdings PLC since September, added to its complaints against the banking giant.
Knight said the HSBC board changed its executive-compensation plan without shareholder approval, potentially enriching executives amid what the fund called the bank's disappointing performance.
The London bank, which had rejected Knight Vinke's earlier calls to change its strategy, said it didn't alter its compensation policy. "The rules of the scheme did not change," said HSBC spokesman Patrick McGuinness.
Eric Knight, who runs the New York activist fund, leveled a host of new criticisms at ...

Full article can be found at Wall Street Journal – Online www.wsj.com

More information on Knight Vinke Asset Management can be found at http://www.kvamllc.com/home.html

[Slick]

We love groups like Knight Vinke's more power to the people...these publically listed companies need more people like this tackling them, they are continuously getting away with murder by over powering people with legal fees and dragging their heels on responses 

Are there any other action groups fighting HSBC?