Can somebody just shoot Ken Lewis in the face & erase him from the planet???

[redgtxdi]

http://money.cnn.com/2009/10/0...postversion=2009100115

I just don't know what to say. For a guy who has already earned enough money to live 100 of my lives, I just......(breathe in, breathe out).....I just don't know what to say.

What they (and I say this on behalf of SHAREHOLDERS) should do is allow this asshole to walk away WITH HIS LIFE!!!!!!!!

Words cannot express.:|

Locked because some members consider the title a death threat. Feel free to start another thread with a less provocative title. If the same members derail that thread complaining about the moderation again they will be sanctioned

Anandtech Senior Moderator
Red Dawn

 

[BassBomb]

rich people have to retire too

 

[Phokus]

How DARE you want to take MY hard earned money. Don't you damned socialists know anything about meritocracy???

*runs company into ground*
*still handsomely rewarded anyway*

 

[Blackjack200]

That's his pension, it's money that he earned years ago and was kept in a serparate account. Ken Lewis received zero severance, there was no golden parachute.

 

[ElFenix]

fwiw, as a shareholder, you want the guys to play hardball, and sometimes they strike out. it's easier to get them to play hardball if they don't have to worry about their livelihood. when they worry about their livelihood they create fiefdoms of giant inefficient conglomerates.

 

[Engineer]

<--- Sits back and looks at the $32,000 of BOA credit card money @ ZERO % interest, earning me 3% this year and says fuck BOA.

 

[Phokus]

Originally posted by: ElFenix
fwiw, as a shareholder, you want the guys to play hardball, and sometimes they strike out. it's easier to get them to play hardball if they don't have to worry about their livelihood. when they worry about their livelihood they create fiefdoms of giant inefficient conglomerates.

As a shareholder, i want CEO's to work to increase profits for the future, not take stupid risks in the present in order to maximize short term gain while jeopardizing the company down the road.

In fact, i think most of the CEO's pay should be deferred and linked to future performance.

 

[heyheybooboo]

Ken should have worked at Exxon.

He got cheated.

 

[Patranus]

Not really sure what the big deal is. A private company entered into a private contract with a private citizen.

If you don't like the way the company is being run, become a majority share holder and vote. If you don't like the way the company is being run, don't do business with the company.

Case closed.

 

[Blackjack200]

Originally posted by: Patranus
Not really sure what the big deal is. A private company entered into a private contract with a private citizen.

If you don't like the way the company is being run, become a majority share holder and vote. If you don't like the way the company is being run, don't do business with the company.

Case closed.

That's what the big deal is: it's not a private company right now. Not until they pay the Government back.

 

[Fear No Evil]

Originally posted by: redgtxdi
http://money.cnn.com/2009/10/0...postversion=2009100115

I just don't know what to say. For a guy who has already earned enough money to live 100 of my lives, I just......(breathe in, breathe out).....I just don't know what to say.

What they (and I say this on behalf of SHAREHOLDERS) should do is allow this asshole to walk away WITH HIS LIFE!!!!!!!!

Words cannot express.:|

Wow. I hope you are on some sort of homeland security watch list.

 

[Engineer]

Originally posted by: Blackjack200

Originally posted by: Patranus
Not really sure what the big deal is. A private company entered into a private contract with a private citizen.

If you don't like the way the company is being run, become a majority share holder and vote. If you don't like the way the company is being run, don't do business with the company.

Case closed.

That's what the big deal is: it's not a private company right now. Not until they pay the Government back.

Oh, it's OK with Patranus because it's the CEO. If it were the UAW though, oh boy, his gloves would be off and the shit hitting the fan.

 

[CADsortaGUY]

Originally posted by: Fear No Evil

Originally posted by: redgtxdi
http://money.cnn.com/2009/10/0...postversion=2009100115

I just don't know what to say. For a guy who has already earned enough money to live 100 of my lives, I just......(breathe in, breathe out).....I just don't know what to say.

What they (and I say this on behalf of SHAREHOLDERS) should do is allow this asshole to walk away WITH HIS LIFE!!!!!!!!

Words cannot express.:|

Wow. I hope you are on some sort of homeland security watch list.

but but but it's ok to wish death/murder on those evil rich people here...

 

[Darwin333]

Originally posted by: redgtxdi
http://money.cnn.com/2009/10/0...postversion=2009100115

I just don't know what to say. For a guy who has already earned enough money to live 100 of my lives, I just......(breathe in, breathe out).....I just don't know what to say.

What they (and I say this on behalf of SHAREHOLDERS) should do is allow this asshole to walk away WITH HIS LIFE!!!!!!!!

Words cannot express.:|

Are you kidding? The stock has risen more than 500% in less than a year! He is a superstar of a CEO.

 

[OCGuy]

Um...death-threat threads like this usually get locked. FYI.

 

[TheSkinsFan]

Originally posted by: Blackjack200
That's his pension, it's money that he earned years ago and was kept in a serparate account. Ken Lewis received zero severance, there was no golden parachute.

I think that's a very important point.

from the article:

But before BofA made its compensation switch (over 7 years ago), Lewis had participated for more than a decade in the supplemental pension plan -- racking up the more than $50 million supplemental plan account.

That's simply wise retirement planning on his part.

Envy is such an ugly trait.

 

[BoberFett]

Originally posted by: Phokus
How DARE you want to take MY hard earned money. Don't you damned socialists know anything about meritocracy???

*runs company into ground*
*still handsomely rewarded anyway*

They did take your hard earned money and gave it to the wealthy. You got played just like the rest of the socialist suckers.

In the game of government the wealthy will always win. Libertarians understand this which is why they want minimal government. Suckers like you still think you can win.

Good luck with that.

 

[Patranus]

Originally posted by: Engineer

Originally posted by: Blackjack200

Originally posted by: Patranus
Not really sure what the big deal is. A private company entered into a private contract with a private citizen.

If you don't like the way the company is being run, become a majority share holder and vote. If you don't like the way the company is being run, don't do business with the company.

Case closed.

That's what the big deal is: it's not a private company right now. Not until they pay the Government back.

Oh, it's OK with Patranus because it's the CEO. If it were the UAW though, oh boy, his gloves would be off and the shit hitting the fan.

Um...

What percentage of Bank of America did the US government buy?

...wait...

...how much...

Oh that's right, ZERO.

Now, how much of GM did the government buy?

...wait...

...oh that's right, 70%.

So yes, Bank of America is a 'private' company and has no legal obligation to the tax payers.

 

[Patranus]

Originally posted by: TheSkinsFan
That's simply wise retirement planning on his part.

But...but...but...the big bad corporation and its evil CEO is trying to screw the little guy.....

 

[Engineer]

Originally posted by: Patranus

Originally posted by: Engineer

Originally posted by: Blackjack200

Originally posted by: Patranus
Not really sure what the big deal is. A private company entered into a private contract with a private citizen.

If you don't like the way the company is being run, become a majority share holder and vote. If you don't like the way the company is being run, don't do business with the company.

Case closed.

That's what the big deal is: it's not a private company right now. Not until they pay the Government back.

Oh, it's OK with Patranus because it's the CEO. If it were the UAW though, oh boy, his gloves would be off and the shit hitting the fan.

Um...

What percentage of Bank of America did the US government buy?

...wait...

...how much...

Oh that's right, ZERO.

Now, how much of GM did the government buy?

...wait...

...oh that's right, 70%.

So yes, Bank of America is a 'private' company and has no legal obligation to the tax payers.

Bank of America currently owes the US government 45 billion in TARP. They most certainly do have a legal obligation to the tax payer.

 

[Patranus]

Originally posted by: Engineer
Bank of America currently owes the US government 45 billion in TARP.

Again, the US government doesn't OWN Bank of America.

You are confusing two things.

 

[Phokus]

Originally posted by: BoberFett

Originally posted by: Phokus
How DARE you want to take MY hard earned money. Don't you damned socialists know anything about meritocracy???

*runs company into ground*
*still handsomely rewarded anyway*

They did take your hard earned money and gave it to the wealthy. You got played just like the rest of the socialist suckers.

In the game of government the wealthy will always win. Libertarians understand this which is why they want minimal government. Suckers like you still think you can win.

Good luck with that.

In 'socialist' euro countries, the pay gap between the average worker and CEO's is much smaller than america. Good job making yet another stupid statement yet again.

 

[Patranus]

Originally posted by: Phokus
In 'socialist' euro countries, the pay gap between the average worker and CEO's is much smaller than america. Good job making yet another stupid statement yet again.

Except this isn't Europe now is it?

Good job making yet another irrelevant comment (yet again?)

 

[Engineer]

Originally posted by: Patranus

Originally posted by: Engineer
Bank of America currently owes the US government 45 billion in TARP.

Again, the US government doesn't OWN Bank of America.

You are confusing two things.

The obligations to the US tax payer are there regardless of "owning" or not. As for the UAW, my comments stand. If the UAW were owed huge sums of money via contract and was given it, you would be bitching a fit right now and you know it.

 

[ElFenix]

Originally posted by: Phokus

Originally posted by: ElFenix
fwiw, as a shareholder, you want the guys to play hardball, and sometimes they strike out. it's easier to get them to play hardball if they don't have to worry about their livelihood. when they worry about their livelihood they create fiefdoms of giant inefficient conglomerates.

As a shareholder, i want CEO's to work to increase profits for the future, not take stupid risks in the present in order to maximize short term gain while jeopardizing the company down the road.

In fact, i think most of the CEO's pay should be deferred and linked to future performance.

you don't want them to take stupid risks but you also don't want to discourage taking good risks. deferred and linked to future performance does that. play not to lose isn't a winning strategy. at least, that's the explanation.