Call it a low of $5 per share.. today its $17.. a 200% increase.. I might add.. that going forward the un-leveraged, un-friendly terms make the Bank a buy..
As for a Lagre Corporation who hires idiots and suffers the litigation.. thats every Corporation all over the World.. not just B of A..
http://www.forbes.com/2006/02/14/careers-work-employment-cx_sr_0214fire.html
If you're a manager faced with a terminally stupid employee, you must make it clear that certain behavior is unacceptable and chart a course to redemption. This generally requires a closed-door, no-holds-barred meeting where you lay things out chapter and verse. Put everything in writing and document any future transgressions. You'll have to work with the personnel department to fire bad employees, and that can be sticky.
http://www.businessweek.com/innovate/content/aug2009/id20090817_671373.htm
ENGAGE EMPLOYEES
Based on extensive, long-term research, Gallup has determined that less than 30% of the corporate workforce is truly engaged in its work. That's less than 30% of employees who work with passion and feel a profound connection to their companies. Yet employee engagement leads to increased customer engagement, which leads to real revenues and, eventually, more job opportunities for others.
I don't think that B of A or any other coporation is guilty of anything other that hiring Idiots.
Lazy space fillers mind you in some cases and in others.. much worse.
But the President of Banking did not ask the man with no fingers for a finger print.
A pissed off employee, maybe.. but someone who does have the Banks worst interests at heart.
So B of A has an employee counter culture?
http://www.hoovers.com/bank-of-america/--ID__58444--/free-co-factsheet.xhtml
So all of the incidents divded by the number of employees brings us to what percentage of counter culture is the Bank suffering from?
So... Big.. Bad... B of A... really is a victim of its employees.. at what rate.. and is it in a decline or up tick.. (new Fresh Cut catch phrase)..
Be well, JW
