Dick Bové Is ThisClose To Gifting Brian Moynihan With A LivingSocial Deal For Public Speaking Courses

After one investor conference in June 2011, veteran bank analyst Richard Bove says he called the lender’s investor relations department to complain. “I told them I didn’t believe such an incredibly bad presentation could be made,” Bove says of Moynihan. “He doesn’t have the ability to speak off the cuff, and to let him is to destroy shareholder wealth.” Moynihan’s lack of eloquence is the main reason he’s underestimated, says Bill Miller, chairman of Legg Mason Capital Management Inc., whose funds own about 4 million Bank of America shares. Miller says the stock can double within three years. “There’s a tendency to impute much greater skill on the part of somebody like Jamie Dimon, who is very smooth, over someone like Brian,” Miller says. “People say, ‘Oh, he doesn’t speak well, and he stumbles over his words and he’s sweating.’” [Bloomberg]

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18 Responses to “Dick Bové Is ThisClose To Gifting Brian Moynihan With A LivingSocial Deal For Public Speaking Courses”

  1. Dicky B says:

    Mr. Moynihan, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

  2. POTUS says:

    Ah, hah. My next Secretary of Defense.

  3. Guest says:

    Whatever, Dick probably worked up a pretty good sweat trying to hit one button at a time on the granny phone dialing in.

  4. Bank Wallah says:

    Dimon: "Hey, Moynihan, knock-knock…."

    Moynihan: "Who's there?"

    Dimon: "Dick Bove'…."

    Moynihan: "Dick Bove' who….?"

    *Sounds of Dimon and Moynihan laughing hysterically*

  5. Guest says:

    Yeah, well the Jerk store called, and they are running out of Bove!

    -Brian coSTANza

  6. Guestido says:

    B Mo would probably never be allowed to sit at John Thomas Financial

  7. InfiniteGuest says:

    Wow, so within three years Bennet Brauer up there could steer the stock back to its post-Lehman-bankruptcy levels. Champagne all around.

    • Boone's Farm VP says:

      Actually, I believe a certain domestic brand of wine is the preferred celebratory drink at BofA.

  8. Kurt says:

    Should have quietly advised him never to go full retard.

  9. C. Gasparino says:

    Profuse sweating and eloquence are not mutually exclusive.

  10. HotKarl says:

    Moynihan rebuttal to Rafferty Capital Markets Investor Relations: "I didn't know such an incredibly unqualified individual with the grammar skills of a 1st year Chinese MBA student was allowed to write and publish research."

  11. Guest says:

    Even the ever polished and bad-ass Jamie Dimon couldn't make it through a meeting without sweating or mumbling if he had pitch the outlook for the steaming pile of turd that is BofA.

  12. J Cana says:

    One more ugly quarter and we may not have Mumbles Moynihan to kick around anymore! In 3.5 years Mumbles has not created any shareholder value, share price from $15 to 11.50!