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diertac- Thanks for that editorial. The author has that "smarmy, self-indulged" attitude down pat. It reminds me of Marie Antoinette’s "Let them eat cake" remark and we all know what happened to her!
Location: Some got six month some got one solid. But me and my buddies all got lifetime here
4,555 posts, read 10,401,557 times
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Quote:
Originally Posted by FrankTheTank2
sorry if this has already been posted, but, the charlotte business journal did a great story on this and all the "what if" scenarios. It published last week.
They stated for every 1 wachovia job lost, it would cost Charlotte another 1.5 in other jobs. OUCH.
I think this is a great move for Wachovia. It shows they're dedicated to staying independant. And if, as the rumors suggest, that this might some day pair them with Goldman, I think most would agree that partnership is much more welcome than with another pure bank...
Wachovia taps treasury official for top job
"Wachovia Corp. on Wednesday named former U.S. Treasury Department official Robert Steel its new chief executive officer, effective immediately..."
Story: Charlotte Observer | 07/09/2008 | Wachovia taps treasury official for top job (http://www.charlotte.com/209/story/705999.html - broken link)
Location: Some got six month some got one solid. But me and my buddies all got lifetime here
4,555 posts, read 10,401,557 times
Reputation: 2162
Quote:
Originally Posted by Carolina Blue
I think this is a great move for Wachovia. It shows they're dedicated to staying independant. And if, as the rumors suggest, that this might some day pair them with Goldman, I think most would agree that partnership is much more welcome than with another pure bank...
Wachovia taps treasury official for top job
"Wachovia Corp. on Wednesday named former U.S. Treasury Department official Robert Steel its new chief executive officer, effective immediately..."
Story: Charlotte Observer | 07/09/2008 | Wachovia taps treasury official for top job (http://www.charlotte.com/209/story/705999.html - broken link)
I hope you're right about it meaning that they intend to stay independent. Forbes is looking at both sides of the coin with Steel. Either he's in charge of running the ship through these tough times or he's in charge of looking for a buyer.
Wachovia named a new boss late Wednesday and saddled him with an unenviable situation: he must either stanch a tide of subprime-related red ink or find somebody to buy a bank in a market chock full of banks for sale.
Quote:
Yet perhaps on hopes of a sale, Wachovia's shares gained a bit in after-hours trading: the stock was up 26 cents, or 1.8%, to $14.65, after losing 7.4% in the regular trading session's rout, which was rooted in housing-bubble concerns.
Amazing how the article stating that the dark horse possibility of Goldman Sachs buying Wachovia out becomes the biggest possibility of the bunch at the moment.
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I rarely get the chance to creatively use anything I learned from getting a degree in Journalism.
