Zyx007

The Horrible Self-Dealing of Ken Lewis and the Principal-Agent Conflict

Excellent and well written. The shareholder-manager model as it exists in large corporations has proved to be a complete disaster, with senior management only interested in preserving their continued self interest and greed, treating shareholders as the poor bas***ds who are stupid enough to buy their stock. This model needs a complete rethink with some serious teeth to shareholders. Needless to say, Ken Lewis and the entire Board should be fired, and Ken sued in his personal capacity for the loss he has caused the shareholders.