I was dumbfounded that it took forever for Rick Wagoner to get the boot from GM. I mean, he was the man at the helm of a company that lost $85 billion and change over 3 years or so, right? And it took the government to fire him! In today's business world, so many companies-- especially media-- simply whack the highest salary at the company just for being in tight times. But some of these floundering so-called Fortune 500 companies not only keep their high-priced, high bonus-getting CEOs-- they do it even after they've run the company into the ground. Which is why it should surprise no one that Bank of America, that took a $15 billion dollar bath on the Merrill Lynch deal decided to fire its CEO Ken Lewis, but... wait for it... keep him on as company president.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.