Another CLUELESS BANK CEO! - Democratic Underground

Serial Mom

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Thu Feb-12-09 08:10 AM
Original message

Another CLUELESS BANK CEO!

Edited on Thu Feb-12-09 08:21 AM by Serial Mom

So, if I got money for my tax refund, I won't have to pay bills with it, I can say it is different money and go spend it for a vacation or award for me AND then I can go and get money from the government to pay my bills and decide if I have a profit in the years to come, pay it back?

http://www.jsonline.com/watchdog/noquarter/39476367.html

Just three months ago, the state's second-largest bank joined scores of other troubled lenders when it cashed a check for $525 million from the federal government to prop up its bottom line.

Today, Associated is preparing to drop tens of thousands of dollars - and maybe more - to send about 100 employees to a posh Puerto Rican resort as a reward for a job well done.

Making the trip will be everyone from backroom workers to the CEO, Paul Beideman.

,snip>

One thing Beideman definitely won't be doing, he suggested, is worrying about public reaction to the trip.

"Should we ask you or anybody else each individual thing we do to see if it's politically correct?" he asked. What he cares about, he said, is the opinion of his employees, and they overwhelmingly support the Puerto Rico trip: "I think it's coming across very positively."

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bluethruandthru

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Thu Feb-12-09 08:17 AM
Response to Original message

1. A job well done??

Yeah...I guess if running their bank into the ground and getting millions of dollars from tax payers (free money!) is doing a good job...then, they deserve it! :sarcasm:

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Donnachaidh

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Thu Feb-12-09 08:18 AM
Response to Original message

2. link not working. n/t

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Serial Mom

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Thu Feb-12-09 08:22 AM
Response to Reply #2

3. Sorry, try again

www.jsonline.com/watchdog/noquarter/39476367.html

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lazer47

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Thu Feb-12-09 08:38 AM
Response to Original message

4. What makes you think they are clueless??

They are getting all the money and we aren't,, That sounds like we are the ones who are clueless.

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Serial Mom

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Thu Feb-12-09 08:45 AM
Response to Reply #4

6. I stand corrected, your statement is true, but

they are clueless about the public's reaction AND if you read the article, they are clueless to how those employees who were the whistleblowers to the newspaper's watchdog group felt!

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lazer47

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Thu Feb-12-09 09:00 AM
Response to Reply #6

7. These people don't care what we think,,and the

whistleblowers are now unemployed,,, guess who won??

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zbdent

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Thu Feb-12-09 08:40 AM
Response to Original message

5. I work in a state/county govt. environment ...

and we have to account for nearly every $ spent ...

and our agencies have to account for every $ we send them ...

So, why are the businesses whining about being scrutinized?

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HillWilliam

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Thu Feb-12-09 10:58 AM
Response to Original message

8. Clueless? Not.

They got our money. They won. Now they're going to gloat. Again.

So, no-one has grabbed pitchforks and lit torches yet?????.

Simply amazing.

With all the bullshit being spewed from corporate CEO offices, I'm equally surprised that dumptrucks full of bullshit haven't been unloaded on pristine, manicured CEO front lawns. Not that I'm advocatin', just thinkin' out loud ovah heah :evilgrin:

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