Comments on: The horrible self-dealing of Ken Lewis and the principal-agent problem http://www.creditwritedowns.com/2009/04/the-horrible-self-dealing-of-ken-lewis-and-the-principal-agent-problem.html a finance news and opinion site Mon, 22 Mar 2010 08:58:45 +0000 hourly 1 By: max191http://www.creditwritedowns.com/2009/04/the-horrible-self-dealing-of-ken-lewis-and-the-principal-agent-problem.html#comment-6640 max191 Sat, 03 Oct 2009 12:22:37 +0000 http://www.creditwritedowns.com/?p=8102#comment-6640 Your blog is very interesting. I would like to tell that I have been looking for such information and finally got it. Thanks a lot.<br>regards<br><a rel="dofollow" href="http://www.charcoalgrillsite.com" rel="nofollow">charcoal grill</a> Your blog is very interesting. I would like to tell that I have been looking for such information and finally got it. Thanks a lot.
regards
charcoal grill

]]> By: John Bogle decries ‘failure to observe the fiduciary principle’ - Credit Writedownshttp://www.creditwritedowns.com/2009/04/the-horrible-self-dealing-of-ken-lewis-and-the-principal-agent-problem.html#comment-4920 John Bogle decries ‘failure to observe the fiduciary principle’ - Credit Writedowns Wed, 29 Apr 2009 04:12:44 +0000 http://www.creditwritedowns.com/?p=8102#comment-4920 [...] Below is a very good video of John Bogle, the legendary investor, at Columbia Business School, hosted by CBS Professor David Beim. In his speech, Bogle places much of the blame for the present crisis with the increasingly hostile corporate governance environment of the last quarter-century, a point I make in my recent post “The horrible self-dealing of Ken Lewis and the principal-agent problem.” [...] [...] Below is a very good video of John Bogle, the legendary investor, at Columbia Business School, hosted by CBS Professor David Beim. In his speech, Bogle places much of the blame for the present crisis with the increasingly hostile corporate governance environment of the last quarter-century, a point I make in my recent post “The horrible self-dealing of Ken Lewis and the principal-agent problem.” [...]

]]> By: Bof A’s MAC clause was as porous as swiss cheese - Credit Writedownshttp://www.creditwritedowns.com/2009/04/the-horrible-self-dealing-of-ken-lewis-and-the-principal-agent-problem.html#comment-4914 Bof A’s MAC clause was as porous as swiss cheese - Credit Writedowns Tue, 28 Apr 2009 18:21:21 +0000 http://www.creditwritedowns.com/?p=8102#comment-4914 [...] The horrible self-dealing of Ken Lewis and the principal-agent problem [...] [...] The horrible self-dealing of Ken Lewis and the principal-agent problem [...]

]]> By: BofA saga continues as John Thain calls Lewis a liar - Credit Writedownshttp://www.creditwritedowns.com/2009/04/the-horrible-self-dealing-of-ken-lewis-and-the-principal-agent-problem.html#comment-4829 BofA saga continues as John Thain calls Lewis a liar - Credit Writedowns Mon, 27 Apr 2009 10:24:13 +0000 http://www.creditwritedowns.com/?p=8102#comment-4829 [...] clause is completely valid as a reason to pull out or change the terms of the deal. This is what I argued in a post yesterday about Lewis.Because BofA did not change the deal terms and was subsequently bailed out, we can only believe [...] [...] clause is completely valid as a reason to pull out or change the terms of the deal. This is what I argued in a post yesterday about Lewis.Because BofA did not change the deal terms and was subsequently bailed out, we can only believe [...]

]]> By: OSRhttp://www.creditwritedowns.com/2009/04/the-horrible-self-dealing-of-ken-lewis-and-the-principal-agent-problem.html#comment-4854 OSR Mon, 27 Apr 2009 04:30:39 +0000 http://www.creditwritedowns.com/?p=8102#comment-4854 If you read the deposition, it's pretty obvious that nobody even considered the shareholders interest. The only thing that the board cared about was whether Paulson's verbal promise to "fill the holes" could be trusted. Paulson and Bernanke refused to give a written promise, because it would require disclosure. Filthy stuff, indeed, but I bet little comes of it. If you read the deposition, it's pretty obvious that nobody even considered the shareholders interest. The only thing that the board cared about was whether Paulson's verbal promise to “fill the holes” could be trusted. Paulson and Bernanke refused to give a written promise, because it would require disclosure. Filthy stuff, indeed, but I bet little comes of it.

]]> By: OSRhttp://www.creditwritedowns.com/2009/04/the-horrible-self-dealing-of-ken-lewis-and-the-principal-agent-problem.html#comment-4820 OSR Mon, 27 Apr 2009 01:30:39 +0000 http://www.creditwritedowns.com/?p=8102#comment-4820 If you read the deposition, it's pretty obvious that nobody even considered the shareholders interest. The only thing that the board cared about was whether Paulson's verbal promise to "fill the holes" could be trusted. Paulson and Bernanke refused to give a written promise, because it would require disclosure. Filthy stuff, indeed, but I bet little comes of it. If you read the deposition, it's pretty obvious that nobody even considered the shareholders interest. The only thing that the board cared about was whether Paulson's verbal promise to “fill the holes” could be trusted. Paulson and Bernanke refused to give a written promise, because it would require disclosure. Filthy stuff, indeed, but I bet little comes of it.

]]> By: ianhttp://www.creditwritedowns.com/2009/04/the-horrible-self-dealing-of-ken-lewis-and-the-principal-agent-problem.html#comment-4815 ian Sun, 26 Apr 2009 22:04:27 +0000 http://www.creditwritedowns.com/?p=8102#comment-4815 hope those managers don’t have their and in the till.<br><br>missing the h in hand.<br><br>Great article. hope those managers don’t have their and in the till.

missing the h in hand.

Great article.

]]>