OK, so Ken Lewis at Bank of America was forced out. Long overdue. Read here.
But what about Goldman Sachs, more responsible for the financial firestorm than BoA?
What about the Boards themselves that had allowed those Wall Street chief executives run amok in the first place selling toxic assets and paying themselves silly?
If what these fellows had done were wrongful to the shareholders, shouldn't they be forced legally to return what they had taken from their companies? After all, Joe Public is the majority shareholder.
Friday, October 02, 2009
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