Bankers had to hang their heads in shame for what they did.
1 year for $1 trillion.
Not a bad deal.
This guy, a 'Labour' lord, Jones, couldn't bow his head if he tried
with those butt chins of his. More chins than Chinese phonebook.
He also said that bankers should not be ashamed any more, because bankers were sheepish, in public (hookers and coke, behind closed doors) and nobody thanked them.
AAAAaaawwwwwww! So, sorry.
before you start laughing, this is how bad 2009 was for bankers/stockbrokers.
They thought, "we gotta improve our image by putting famous actors
on our boards."
Funny thing is, this actually failed. The SEC (stockmarket police, US) actually stopped this.
They couldn't find anyone guilty of the crash of '08, but they could stop an actor from being on the board of a corporation.
I can just see the explanation: "UUhhhhm, we're running a serious business, here"
They did try to put Henry Winkler on the board of some or other bank.
Costick67 ~(8^P
checkitout:
* 30 Jun 2009 at 5:10 PM
SEC Throwing Wrench In Citi’s Plan To Name The Fonz A DirectorBy Bess Levin
This– the Securities and Exchange Commission’s plan to show us it means business by robbing our nation’s banks of the right to appoint actors and sports stars to their boards–is a bunch of bull shit. And I’ll have you know The Juice has more business acumen in his pinkie than every Bank of America director combined. Also, do not discount the value of having some with the sort of initiative, drive and loose interpretation of the law that’ll allow him to say “I’m gonna break in there and get my shit,” which you don’t often find in the boardroom.
U.S. companies’ celebrity directors include Armstrong, 37, who quit last year after being paid $71,644 by Morgans; National Football League running back O.J. Simpson, 61, a member of four boards and the audit committee at Infinity Broadcasting Corp. before prosecutors charged him in the 1994 murders of ex-wife Nicole Brown Simpson and her friend; and National Basketball Association hall-of-fame guard Oscar Robertson, 70, a Countrywide director for eight years until the lender, at risk of collapse, was bought by Bank of America in 2008.
“What the SEC wants to do is prompt companies to make sure they’re appointing directors who can do the job and not just look pretty on a roster,” said Stephen Davis, a senior fellow at the Millstein Center for Corporate Governance and Performance at the Yale School of Management.
[the end]
