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Is Ken Lewis Next?

Started by waverly
over 17 years ago
Posts: 1638
Member since: Jul 2008
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From Clusterstock, Jan. 22, 2009: "Ken Lewis has now successfully focused some of the outrage about the destruction of Bank of America (BAC) on John Thain. Thain was the one responsible for that $15 billion loss. Thain was the one who approved $4 billion of bailout-funded bonuses. Thain was the one who spent $1.2 million decorating his office. And now, a month after the bonus and loss outrages,... [more]
Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

:) He's outta here :)

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Response by waverly
over 17 years ago
Posts: 1638
Member since: Jul 2008

He pretty much threw Thain under the bus today (not that he didn't deserve it), and tomorrow it's time for him to step down....you know, because he's a patriot.

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Response by type3secretion
over 17 years ago
Posts: 281
Member since: Jun 2008

You're going to have to pry the CEOship from his cold, dead fingers.

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Response by Maraman
over 17 years ago
Posts: 165
Member since: Nov 2008

Only a matter of time before B of A needs a full fledged bailout like Citi. Things are only going to get worse at Merrill and plus they still must have problems with the Countrywide assets. Angelo Mozzillo was no better than Thain.

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Response by aboutready
over 17 years ago
Posts: 16354
Member since: Oct 2007

Maybe Lewis can go to Citi, and Pandit to BofA. Compare balance sheets.

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Response by oldbuyers
over 17 years ago
Posts: 190
Member since: Dec 2008

Yes! BofA is a mess and he must be held responsible.

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Response by waverly
over 17 years ago
Posts: 1638
Member since: Jul 2008

type3 - Haha! Could you see that meeting?

"Ken, you've done a great job here over the past 20 years, but we are going to have to let you go. Please give us your BOA name-tag"

"Thanks for the kind words, but I don't accept your offer of firing me. No, you cannot have my name-tag. You will have to kill me first!" (as he barricades himself into his office)

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Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

I hear he spent $10MM building a bomb shelter in there.... he can hold out until his commode overflows ... :)

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