William F. Aldinger III

DEFINITION of 'William F. Aldinger III '

An American business executive who has held top positions with Household International, HSBC and Capmark Financial Group. He has also been a board member of AT&T, Charles Schwab, KKR Financial Corporation and MasterCard.

Aldinger began his career with U.S. Trust Company, then worked for Citibank and Wells Fargo before joining Household International as CEO and president in 1994. In 1996, he stepped down as president of Household and added the title of chairman. He helped expand Household from a credit card company into a mortgage company, but then the company began to suffer from predatory lending lawsuits brought against it by its customers and had to restate nine years of earnings in 2002.

BREAKING DOWN 'William F. Aldinger III '

Aldinger III was born in Brooklyn in 1947, and earned a JD from Brooklyn Law School in 1975. He served as CEO and chairman at Household International until the company was acquired by HSBC in 2003. After the acquisition, Aldinger III became chairman and CEO of HSBC North America Holdings until 2005.

He then left HSBC and became president and CEO of Pennsylvania-based commercial real estate lender Capmark Financial Group, formerly GMAC Commercial Holding Corp, from 2006 to 2008. After it suffered from a large number of commercial mortgage defaults and a decline in its loan origination and servicing business, Capmark filed for chapter 11 bankruptcy in October 2009.

RELATED TERMS
  1. Household Income

    The combined gross income of all the members of a household who ...
  2. Jamie Dimon

    The chairman, CEO and former president of JPMorgan Chase & ...
  3. Head Of Household

    A status held by the person in a household who is running the ...
  4. William E. Mitchell

    A chairman and CEO of Arrow Electronics. William E. Mitchell ...
  5. E. Linn Draper Jr.

    A former chairman, CEO and president of Ohio-based public utility ...
  6. C. Michael Armstrong

    A former CEO and chairman of AT&T from 1997 until he resigned ...
Related Articles
  1. Investing News

    Bumpy Road Ahead for HSBC? (HSBC)

    HSBC shocked investors with pre-tax losses in its Q4 2015 missing analysts' expectations, and blamed seismic shifts in world economy and decline in oil prices.
  2. Investing News

    The 5 Highest Paid Executives in the Utilities Sector (D, POM)

    Learn who the top five executives are in the utilities sector and find out who is the highest paid executive of them all and their respective companies.
  3. Professionals

    America's Top CEOs and Their College Degrees

    You might expect all of America's top CEOs to have a business degree from an Ivy League school, but they hail from a variety of academic backgrounds.
  4. Investing News

    The 5 Highest Paid Executives in The Financial Sector (JPM, C)

    Learn who the highest paid executives in the financials sector are and how they became some of the most influential and powerful people in the world.
  5. Executive Compensation

    The 5 Highest Paid Executives in the Consumers Sectors (LBTYA, CBS)

    Discover who the highest-paid executives in the consumer sectors are and how they reached their positions of power and influence.
  6. Investing News

    Household Net Worth For Americans Rose In 2015

    Even as household net worth for American households rose in 2015, it failed to translate into economic growth.
  7. Investing News

    HSBC to Shut Down Half of Retail Branches in India, Shed 300 Jobs (HSBC-PA)

    HSBC will close over half of its retail branches in India to keep pace with global businesses shifting to digital channels.
  8. Investing

    The Top 4 AT&T Shareholders (T)

    Discover the four highest-ranked direct holders of AT&T, and how all of them have worked their way through the ranks to get to where they are in 2016.
  9. Investing News

    The 5 Highest Paid Executives in the Healthcare Sector (AGN, PFE)

    Discover who the highest paid executives in the health care sector are and how much they make, while the cost of health care continues to skyrocket.
  10. Investing

    What CEOs Actually Do

    CEOs are responsible for the overall operation of a business, and are usually elected by shareholders and the board of directors.
RELATED FAQS
  1. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
  2. What are examples of popular companies in the banking sector?

    Learn about some of the popular companies for bank stocks in the banking industry, a prime component of the financial services ... Read Answer >>
  3. Who are Charles Schwab's (SCHW) main competitors?

    Find out who Charles Schwab's main competitors are and how they stack up. Learn the information you need to make informed ... Read Answer >>
  4. I get multiple mailings to my house from companies that my spouse, children and I ...

    It's not uncommon for there to be more than one investment account holder in one household. If multiple members of your household ... Read Answer >>
  5. How does a change in CEO impact stock price?

    Learn what effect hiring a new CEO has on the value of a company's stock. Explore which factors are most likely to influence ... Read Answer >>
  6. When do I need to fill out an IRS Schedule H form?

    Learn what factors would require you to file a Schedule H Form with the IRS. Read Answer >>
Hot Definitions
  1. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  2. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  3. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  4. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  5. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  6. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
Trading Center