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Sorry that I almost ran the company into the ground, now where's my $70 mil?

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October 09, 2009 – Comments (2) | RELATED TICKERS: BAC

I realize that he has contracts in place and that this sum was accumulated over the course of 40 years, but still something seriously rubs me the wrong way about this:

Bank of America CEO Ken Lewis' exit kitty: $68.8 million

Sorry that I almost ran the company into the ground, now where's my $70 mil?

Deej

2 Comments – Post Your Own

#1) On October 09, 2009 at 2:08 PM, TMFDeej (99.43) wrote:

In Lewis' defense, I suppose that it was under his orders that the company grew into the too large to fail behemoth that it is today. 

Without his voracious appetite for acquisitions the company might have been small enough for Uncle Sam to actually let fail, that is of course unless its failure harmed Goldman Sachs in some way.

Deej

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#2) On October 09, 2009 at 3:07 PM, Tastylunch (29.20) wrote:

hey that's nothing

Nardelli got 250 for being mediocre---> bad at Home Depot.

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