Rightly right

BofA Pays Out: So Much for the 'New Normal'

You should pause for a moment of clarity. Mr. Ken Lewis may be the "cheapest" CEO on Wall Street, based on some definition of "cheapest"; but I can't figure out what it is. He seems not to have yet met an acquisition he didn't want to do for a price that was higher than needed to effect the acquisition, having overpaid enormously both for Countrywide and Merrill Lynch; and he seems to have no problem with refusing to do fund raising via rights offerings in which shareholders will not be unnecessarily diluted instead of unnecessarily paying substantial underwriting discounts and commissions in connection with firmly underwritten offerings to the general public in which already existing, long suffering shareholders aren't even given the opportunity to participate, let alone the first bit at the applie (as they should be). Interestingly, I was unable to get an answer from investor relations as to whether there also was a MAC out provision in the Countrywide agreement, if not, why not, and, if so, why it wasn't exercised (since there clearly were material adverse changes between the time the agreement for that deal was signed and the time of consummation). Should Lewis really be characterized by anyone with a grain of common sense as the "cheapest" CEO on Wall Street when he blatantly disregards shareholder interests in this manner, and, on top of if, fails to disclose the detiorating condition of Merrill Lynch before the acquisition is consumated instead of making full and fair disclosure to shareholders and using the MAE out clause provision in the Merrill Lynch acquisition agreement either to renegotiate far more favorable terms or terminate the deal? I think the answer clearly is a resounding NO.

What Does Warren Buffett See in General Electric?

Of course, one would have to be a certifiable idiot not to have confidence in Warren Buffett's judgment over that of the author of the article.
Give us a break!!