waldo

Wachovia: Unclear How to Play Heading Into Today's CEO/Sell Side Meeting

Steel fired over 10,000 “incomps” who each had an average annual cost to the company of close to 100k...Do the math, that's 1 billion (with a B) saved annually. Further, it's my bet he will start up a land holding company to hold the properties taken back, let values go up in 3 to 4 years and make a killing. Finally, he is from Duke and Ken Thompson was a big UNC fan and Steel wants to show the world how stupid he was.