Thain resigns from Bank of America - MarketWatch
Today the stock was pummelled again down to nearly a 20 YEAR LOW as Ken Lewis and John Thain realized that "it was not working out". Thain resigned or was fired, whatever...
These guys are supposed to be season professional businessmen. They struck a quick deal which in hindsight looks like a great deal for Merrill who was about to go down and a sucker bet for Ken Lewis. Where is the due diligence? Were there any reps and warranties? Merrill employees got millions in bonuses just before they report losing millions? Thain asks for a $10M bonus from the BAC board? Thank God they at least denied that. Nice Temple!
I swear these CEOs lose there common horse sense the more they get PAID. Get ready for the shareholder lawsuits. I want my hard earned and mistakenly invested money back from these shizters.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment