Ken Lewis the Bank of America CEO will be leaving his position at the end of the year after.
Ken Lewis was the CEO for 8 years.
On January 1, 2001 the stock price was trading at $18.61, today on October 1, 2009 the the stock price was trading at $16.21, $2.40 cents lower than 8 years ago.
So with a stock price decrease of $2.40 per share and 20 Billion dollars in Taxpayer funded bailout money taken Ken Lewis will leave his job with an estimated 53 million dollars in retirement benefits.
This 53 million dollars in retirement benefits was earned on the back of Bank of America customers, Bank of America share holders and United States Taxpayers.
In order to make up to the Bank of America customers, Bank of America share holders and United States Taxpayers Ken Lewis should et up a non profit sell he large home and donate all of his proceeds from the sale of his home and all of his retirement benefits to the non profit to help all of the people who are now homeless.
Tags: Bank Of America Ken Lewis Bailout TARP
