[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.
