FLU: I caught that one, too. I thought the corporate-speak phrase was: “Leaving to pursue other interests”. Or, my fave: “Leaving to spend more time with his/her family”.
I guess in this case, they think staving off dozens of class-action lawsuits for shareholder fraud is fun. Those banking guys are a hoot!
The biggest question here is: Did BofA guess right, or wrong? The acquisition was at a considerable discount from the previous market cap, but the company is in disarray, with many thinking the worst is yet to come. It will be interesting to see how this plays out.
