BofA CEO Ken Lewis plans retirement (news)

[Cassietw]

Bank of America CEO to retire at year?s end - U.S. business- msnbc.com

[BobandArlyn]

One down....hundreds to go from many servicers!

[Melanie702]

hahaha...can't take it.

[sniglet WA]

Dearest Mr. Ken Lewis,

Please don't let the door hit you in the A** on the way out!!

Sniglet in WA

[Melanie702]

Originally Posted by sniglet WA

Dearest Mr. Ken Lewis,

Please don't let the door hit you in the A** on the way out!!

Sniglet in WA

lmao you tell him.

[pdsfoley]

Originally Posted by sniglet WA

Dearest Mr. Ken Lewis,

Please don't let the door hit you in the A** on the way out!!

Sniglet in WA

How nice...I'm sure he'l retire with a huge pension....AND HIS HOUSE!!!!

[Melanie702]

Originally Posted by pdsfoley

How nice...I'm sure he'l retire with a huge pension....AND HIS HOUSE!!!!

He sure will. While, we the little dudes are losing our sanity, marriages are falling apart and we're forced to move. What a jackass he is.

[I'mSickOfThis]

An excerpt from the NY Times article on 9/30/09:

Mr. Lewis has no exit package but stands to collect pension benefits worth $53.2 million, largely from a retirement program that was frozen in 2003, according to an analysis of corporate filings by James F. Reda & Associates, an independent consulting firm. Mr. Lewis also will walk away with $81.6 million in stock and other compensation that he accumulated over his career, the analysis found.


This isn't right.

[darlyj]

Originally Posted by I'mSickOfThis

An excerpt from the NY Times article on 9/30/09:

Mr. Lewis has no exit package but stands to collect pension benefits worth $53.2 million, largely from a retirement program that was frozen in 2003, according to an analysis of corporate filings by James F. Reda & Associates, an independent consulting firm. Mr. Lewis also will walk away with $81.6 million in stock and other compensation that he accumulated over his career, the analysis found.


This isn't right.

Wow, must be really nice. Meanwhile how many people are lining up at food banks at the buttcrack of dawn in the hopes that there will be enough food on the shelves so their kids don't go hungry? And how many of those people have lost their jobs due to the economic downturn that people like Mr. Lewis helped to cause in the first place? Egads, maybe it is a good thing that people like us cannot fathom how these scumbags can sleep soundly at night.

[ama125]

A $53 million retirement payday for BofA CEO Ken Lewis - Oct. 1, 2009

Another article detailing his pension. I guess if the door does hit him in the @ss on the way out, it's a-okay! This just makes me sick!

[nativelasvegan]

Is it possible for our government to step in and put limits on a CEO/top official salary? If they cannot do this, they do control the IRS and can impose severe penalties for an income that is excessive. Of course the tax code would have to be written to be sure there were no loop holes. It is possible. Just not probable.

[Believe]

Originally Posted by darlyj

Wow, must be really nice. Meanwhile how many people are lining up at food banks at the buttcrack of dawn in the hopes that there will be enough food on the shelves so their kids don't go hungry? And how many of those people have lost their jobs due to the economic downturn that people like Mr. Lewis helped to cause in the first place? Egads, maybe it is a good thing that people like us cannot fathom how these scumbags can sleep soundly at night.

These are excellent posts. I'm going to e-mail this thread to everyone in my "Save Our Homes" address book.

[stuck123]

A $125 Million Pay Day For Ken Lewis – 24/7 Wall St.

Sure wish I could retire with $125 million.

[Melanie702]

WHOA! I hope they DO decide to challenge it. That's wrong.