Bank of America execs showing there good taste.
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Bank of America execs showing there good taste.
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Fixed.
Had a Veyron changed hands for a buck, I might understand and agree with some getting their panties in a bunch.
Had a Veyron changed hands for a buck, I might understand and agree with some getting their panties in a bunch.
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I see no ethical problem. The transaction occured before the meltdown and before any gov money came in. I see no problem selling your car to a co-worker as long as fair market value was obtained in the sale.
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Exactly. There are plenty of people (me included) driving $60-100K cars making a helluva lot less than they are making.
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Total BS and time to start criticizing anyone engaging in such brow beating tactics.
The government changed the laws many times and encouraged all lending institutions to make more questionable loans. Now they are pushing B of A to go through with the Merill purchase. While some bad decisions were made by all, most of the sh*t throwing is strictly to keep the eyes off of the main culprits.
Don't think that for a minute that this is not more to justify leaving capitolism and heading for socialism.
The government changed the laws many times and encouraged all lending institutions to make more questionable loans. Now they are pushing B of A to go through with the Merill purchase. While some bad decisions were made by all, most of the sh*t throwing is strictly to keep the eyes off of the main culprits.
Don't think that for a minute that this is not more to justify leaving capitolism and heading for socialism.
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What a retarded "news story". Everyone's looking for someone else to blame--rich executives are the easiest targets. No one in America is willing to take personal responsibility for their actions--sad. All those people who took our subprime mortgages for houses they couldn't afford need to look in mirror.
Even the dude from Berkeley said:
“I don’t see how this a problem,” Rosen said. “It doesn’t affect shareholders. They should be expected to have personal relationships.”
Even the dude from Berkeley said:
“I don’t see how this a problem,” Rosen said. “It doesn’t affect shareholders. They should be expected to have personal relationships.”
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I just read the whole freakin article and comments; amazing that it would be even contemplated, and then researched and written. First, the CFO is usually the most significant member of the CEO's team, not an adversary. Second, in companies the size of B of A politics are more important than skills (just as in Washington). Third, who in their right mind would ask - or assume the accuracy therefrom - a college professor to comment on ethics?
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Did the OP even read the article??? I was not really about the car. It was about a really sad allegation that a personal sale between the execs could be viewed as ethically "unsound",,, This has to be one of the stupidest articles written recently.
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I was wondering if I was the only one who read it lol, that was a pathetic article.
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Biggest pile of crap I've ever heard. I have no problem nailing the leaders of the institutions who help send our economy in to a spiral, but implying that a private transaction between two officers may bear on the propriety of carrying out their duties is an outlandish witch hunt.
The problem with these things is people start fixating on the minutiae rather than the major items because they're easier to understand and tug at people's heartstrings. Another indication of the lack of sophistication of news organizations and their collective audience.
The problem with these things is people start fixating on the minutiae rather than the major items because they're easier to understand and tug at people's heartstrings. Another indication of the lack of sophistication of news organizations and their collective audience.
