[quote=UCGal][quote=XBoxBoy][quote=davelj]But, alas, he apparently was more concerned about losing his job than about protecting shareholder interests. In my view, for this reason alone he should be fired. [/quote]
I second this view. I mean where is this man’s integrity? I know, I know, integrity, how quaint.
And besides, what kind of negotiator can he be if he caved on the threat of losing his job? Seriously, if the man had any ability as a real negotiator he should have said the heck with you guys. Fire me if you like. How’s that gonna look when I give an interview to the Wall Street Journal telling my side of the story. Hey, sorry, I have a responsibility to my shareholders.
As it stands now, everyone knows he’s a poor negotiator without any integrity. Lots of luck in the future with that reputation.
XboxBoy
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Fully agreeing with Dave and Xbox on this.
I’ve read the emails, watched part of Lewis’s testimony this morning… There was wrong doing all around – Paulson, Geithner, and Bernanke overstepped. Ken Lewis screwed the shareholders for personal gain. As did his BOD.
And just to clarify for the Obama bashers – this happened last year, 2008, pre-Obama. I’m not letting Timmy off the hook since he was Gov. of the NYFed and deeply involved. (I’m NOT a Geithner fan.) I don’t mind bashing BO for things that happened when he was running things – but the timeline doesn’t fit for this incident. Its like blaming Obama for the invasion of Iraq – it doesn’t fit the timeline.
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Lots of shenanigans happened on all sides. It all boils down to a lack of upbringing and ethics. I can think of a ton of undereducated know nothings that would have leaned over the table and looked the smartest guys in the room straight in the eyes and told them “bring it, bucko”. “Clint” style. All they ever had was their word and rep, and you wouldn’t take it easily from them.
Personally, I think Bernanke is being set up by Big O. He has someone in mind for that job, and needs Ben to go. Plus a scapegoat is always a handy thing to have.
