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Joseph L. Shaefer » Comments » BCRX

  • Wall Street Breakfast: Must-Know News [View article]
    "BofA's TARP exit hits snag... Until it exits government assistance, BofA remains bound by pay czar Kenneth Feinberg's compensation limitations, which bank executives fear will hamper its abilities to recruit talent."

    Translation: We really don't give a rodent's posterior about recruiting talent, but that's a good excuse to deflect criticism from the notion that we're only paying back the TARP money so we can give our top dogs even more bonuses and perks. Frankly we don't care if it comes from the shareholders or the taxpayers as long as it comes to US.

    You have to love corporate doublespeak, Act II...
    Oct 26 07:44 am |Rating: +12 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Peltz takes a foothold in Legg Mason...'We welcome Nelson," Legg CEO Mark Fetting said in a statement. "We look forward to benefiting from his insights and experience as we work together to build greater value for our clients and our shareholders.' "

    Translation: We welcome Nelson about as much as we welcome a hurricane that destroys half our property. On the other hand, given the drought we've had, we can always hope that the rainmaking he brings will replenish our cisterns.

    You have to love corporate doublespeak...
    Oct 26 07:40 am |Rating: +11 0 |Link to Comment
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