Comments on: New BofA chairman must prove independence Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: GD Sun, 03 May 2009 10:40:06 +0000 NEWS FLASH ! US BANKS SOLVENT, SANTA TO ARRIVE 25/12.

By: Paul Bogdanich Sat, 02 May 2009 20:12:27 +0000 “The point is that Massey needs to remember why he was appointed. Against the board’s wishes, shareholders have insisted on an independent chairman. Massey needs to show that he is capable of fulfilling that role.”

Hardy, har, har. These boards are so incestuous it’s almost incomprehensible unless you have experienced it. The mere suggestion that some rubber stamp dildoe board member who woted for the Country Wide and Merrill mergers is even capable of doing anything independent let alone constructive is pure media propaganda aimed at reinforcing the illusion that the American system of coporate governence even marginally works. What a laugh.

By: Charlie Johnson Sat, 02 May 2009 08:45:47 +0000 Preposterous, Jonathan Ford! Preposterous!

How can you suggest that Ken Lewis should have his pay reduced by a third due to a change in his duties?

That implies that his day-to-day job performance and his pay are actually connected in a real-world way.

I can agree that a commercial airline pilot should be paid more than a bus driver for safely delivering his passengers to their destination, but there is no one working for Bank of America who should be making more than $100,000/year right now… including Massey.

If either of those disgraced executives were honorable men, they would return all of the compensation they have received in the past several years to the shareholders, then commit hari kari after naming the shareholders as beneficiaries in their life insurance policies.

Grow a little courage, Jonathan! Quit treating those grossly overpaid, fancy boys with kit gloves.

By: Brian Foulkrod Sat, 02 May 2009 06:03:35 +0000 If the leadership in North Korea can’t pretend (even under a communist system) that the props in place are noting more than a hereditary monarchy in disguise, how can a corporation pretend to bow to the wishes for independent (meaning outside the established board of directors) by merely playing musical chairs amongst themselves?

This is not capitalism, free market leadership or even remotely democratic. It’s just another sad example of a corporado/politician/religious leader wrapping themselves in a corporate chater/flag/bible to justify activities that are a blatant abuse of the trust and responsibility of their position.

Don’t dare object, or their own homespun version of McCarthyism will lable and ruin you. Just shut up and let them raid the cookie jar until the money they loot is printed into worthlessness.

By: Maria Celeste Fri, 01 May 2009 16:44:44 +0000 it’s very intersting…! =)