Bank CEOs should accept blame and step down

Hurrah for Silicon Alley Insider: Time For Bank CEOs Like Wachovia's Ken Thompson To Step Down -- If CEOs get rewarded when companies like Washington Mutual, Citigroup (C), Wachovia, UBS, Merrill Lynch (MER), Morgan Stanley, GE (GE), Bear Stearns (BSC), et al, gamble and win--and, boy, do they get rewarded--then they should get punished when the same gambles lose.

Short, sweet, and to the point.

posted by Ken Kennedy at Apr 15th 2008 3:53 p.m.

Old comments (new comments via Disqus)
  1. Lee commented 7 months, 1 week ago

    So do I second this, or just call for a vote considering that your post counts as a second.

    Yes, they should pay the price for failure when the benefit from success. Of course the board will not do that to them because they board doesn't want the same thing done to them.

 
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