- If it didn't occur to Ken Lewis that Merrill might be forced to take additional "monstrous" writedowns (as he now reportedly describes them), he should be fired.
- If it did occur to him and he didn't check this out during the due diligence process, he should be fired.
- If he didn't think the global debt markets could continue to deteriorate to a level that required such writedowns, he should be fired.
- If he fully expected the writedowns and just didn't realize what they would do to Bank of America's own stock price, he should be fired.
Brilliant
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