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About Me

Name: TimingLogic
Location: United States

I'm an electrical engineer and mathematician by training. My career has spanned diverse areas of expertise from being part of a team which designed the world's most powerful computers to corporate consulting around business transformation and information-based solutions to being a corporate sales and marketing executive in the information technology and business consulting space. I’ve led teams responsible for innovative and transformative solutions and been part of teams that helped set strategy for many of America's greatest companies. Two of my interests are econometrics and quantitative - qualitative analysis. Over the years I have developed risk-based models and trading systems meant to identify significant investment opportunities and periods of extreme risk. My blog is an outlet for another of my passions, writing. I generally consider myself a contrarian. Therefore, many of my rantings are meant to encourage people to question what they believe to be true.

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Wednesday, January 07, 2009

Bank Of America CEO "URGES" No Bonus For Himself

“This was a difficult decision because we have worked hard and made progress on many projects that will create value for our company in future years,” Lewis said in the memo. “Nonetheless we are a pay-for-performance company.”

Well, we shall see if Lewis has made progress on many fronts. That is his opinion yet to be proven right. Bank of America's stock is down from about $60 to $14. So far it doesn't appear the market agrees. Any Bank of America employee with the performance of the CEO would be fired.

posted by TimingLogic at 10:07 AM

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