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  • Ken Lewis, RIP [View article]
    This was an expected occurrence. The only reason this POS lasted this long is because they wait until after a crisis to remove a banking CEO.

    To give Lewis a 53 Million severance package is an outrage. The US cannot survive with a middle class when this sort of crap is common place.

    The shareholders are fleeced at every turn by managements insulated by hand picked boards. The result is 0 for shareholders and huge bonuses for managements from inside picked boards.

    When will people wake up? Doesnt an owner get anything in the US anymore? If you settle for this and the farce of an entity called the SEC you deserve to retire to dogfood.

    Ken Lewis deserves to be in Jail.

    The BOD needs to be ousted and jailed if they knew of the hidden bonuses.

    A severe example needs to be made in one of the most treasonous acts of a company in history

    My point is great companies have made it a practice to fleece shareholders by paying the entire gains to management. The result is people are happy with poor retirements while the executives earn huge outlandish salaries and bonuses even when they destroy a company.

    Wake up people!
    Oct 01 21:11 pm |Rating: 0 -2
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