Kelly King's and the executive management team of this POS is showing through just like Obama and his team. They talk recurring earnings every quarter but always a negative surprise. Just like the federal government they contract out everything and maintain their incompetent team. TIME for some outside talent BOD but hey you are owned by KK.
Collusion between CEO's and B of D's. Think about it. Who appoints the CEO? B of D's. Who is most influential in appointing members to the B of D's? The CEO. It is a miracle if collusion does not exist between them . MO. These high salaries and benefits drastically reduce the amount of money that should be paid out as dividends or growth of the company. CEO's benefits run from 1,000 times entry level down to 50 times entry level income. Shame, shame and shame.
BBT's stock price per share is down from the price years ago and the dividend payment is also much lower than several years ago. I think the price per share currently is below the EOY 1998 price per share and the dividend is about what they paid in the early 2000's.
I'd bet money that Kelly King,other executives and the BOD is getting nice inreases even wih the stock price and earning results.
Wonder how they will justify the money they are getting now with bad earning results?