It’s been a while since Ken Lewis and the phrase ‘a good example’ have been used in the same sentence. After a rough couple of months, KL has been declared a model citizen of sorts once again. This time by Ken Feinberg. When pondering the question of which CEO had excelled in the areas of interest for compensation clawbacks, the Pay Czar was quick to nominate Kenny boy.
“There may be situations where, you want a good example, is the CEO for Bank of America, where we thought it important to claw back,” Feinberg told reporters after speaking at George Washington University Law School.
But KF has tried to make it clear that he would invoke the power of the claw only in rare cases. What exactly does a former Banker of the Year have to do to warrant such a severe penalty? BAC has cornered the market on neither admitting nor denying any wrongdoing. You can’t go after Ken Lewis just because. You need a good reason. So Ken Feinberg, exactly what warrants singling KL out?
Feinberg said he has not really explored how he will use the clawback power and will only exercise it when he finds “an egregious fact pattern.”
Posted by guest , Oct 23, 2009 5:10PM
i had to click to see “an egregious fact pattern.”?
one thing i know, the comments to follow will demonstrate an egregious fact pattern.
Posted by guest , Oct 23, 2009 5:12PM
“There may be situations where, you want a good example, is the CEO for Bank of America...
If this comment is not enough for impeachment, I don't know what is
Posted by guest , Oct 23, 2009 5:13PM
Greggums you have much better pictures of this hick than this one.
Posted by guest , Oct 23, 2009 5:16PM
@3: I think the foreclosed house picture is more appropriate, actually.
--Gregs Subconscious
Posted by guest , Oct 23, 2009 5:16PM
Greg -
You wonder "So Ken Feinberg, exactly what warrants singling KL out?"
I will tell you. Because he SUCKS!! Just like you. So wonder no more. You douche.
Love,
Mom
Posted by Joseph di Jersey City , Oct 23, 2009 8:26PM
Just to get it out of the way - he looks quite regal in that pic.
I suspect that he will take great compfort from his big buy of BAC back when it was $4. He's laughing all the way away from the bank.
Posted by guest , Oct 23, 2009 10:05PM
@5, Perhaps, but some of us take it to a higher art form.
-- Fred Goodwin
Posted by guest , Oct 25, 2009 5:43PM
Mr. Feinberg should "claw back" money from Brille, Selig, D'onofrio and all of the rest of the clowns who ran CIBK at the bank.
Posted by guest , Oct 25, 2009 5:48PM
Mr. Feinberg should consider "clawing back" the bonuses that clowns like Brille, Donofrio and Selig were paid to lead a 13th ranked CIBK division. Robbed the rest of us to pay themelves
Posted by guest , Oct 25, 2009 7:52PM
Mr. Feinberg should "clawback" the bonuses of Brille, Selig and Donofrio. They ran a 13th place CIBK business and were highly overpaid (10+ million) while the rest of us were shafted.
Posted by hommenivore , Oct 26, 2009 8:19AM
TESTING
Posted by guest , Oct 26, 2009 10:33PM
Agree with 10