Comments on: Bank of America Joins the Club of Shareholder Abusers http://toughmoneylove.com/2008/10/09/bank-of-america-joins-the-club-of-shareholder-abusers/ The Hard Truth about Money and Personal Finance Fri, 24 Feb 2012 15:57:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rocco Lettiere http://toughmoneylove.com/2008/10/09/bank-of-america-joins-the-club-of-shareholder-abusers/comment-page-1/#comment-8620 Rocco Lettiere Tue, 05 Oct 2010 19:06:33 +0000 http://toughmoneylove.com/?p=125#comment-8620 Bank America was a solid stock of around $55 before their unbelievable management buyouts. Why doesn't their share price ever move up? The CEO and Board of Directors should have to pay back the loses suffered for those depending on the dividends and appreciated value to supplement their retirement. It seems like fraudulent activities rather than business pursuits. They are suppose to be one of the biggest, well, where is the profits to shareowners? The government should have been the business, and not BAC without a vote. Bank America was a solid stock of around $55 before their unbelievable
management buyouts. Why doesn’t their share price ever move up? The
CEO and Board of Directors should have to pay back the loses suffered
for those depending on the dividends and appreciated value to supplement
their retirement. It seems like fraudulent activities rather than business
pursuits. They are suppose to be one of the biggest, well, where is the
profits to shareowners? The government should have been the business, and
not BAC without a vote.

]]> By: dogatemyfinances http://toughmoneylove.com/2008/10/09/bank-of-america-joins-the-club-of-shareholder-abusers/comment-page-1/#comment-750 dogatemyfinances Thu, 09 Oct 2008 13:32:53 +0000 http://toughmoneylove.com/?p=125#comment-750 I was done with BoA a couple years ago. I had a BoA credit card. I called to tell BoA I would be traveling abroad. I told them the exact date that I would need to use the card for a rental car. When I got there it was declined. I was stranded in a foreign country. I will never forget that fear. When I got back, BoA referred me to the terms that they could deny at any time. Nice. I was done with BoA a couple years ago. I had a BoA credit card.

I called to tell BoA I would be traveling abroad. I told them the exact date that I would need to use the card for a rental car. When I got there it was declined. I was stranded in a foreign country. I will never forget that fear.

When I got back, BoA referred me to the terms that they could deny at any time. Nice.

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