An ex BBT vice president has been charged with fraud. I wonder how much he cost the common share holder in dividends?
I hope they treat him as severly as they did Martha Stewart for just a little fraud lie. She received a 1 to 10 year sentence. I believe a white collar crime should have a minimum penalty of the criminal returning every dollar they have stolen. After that we will consider jail time.
every regional president is an EVP. that's 32. bbt has upwards of 75 to 100 evps and chester was by no stretch a heavy hitter. and not every evp heads a major division. some only have a few reports read the entire article. only talking about 100 grand and he is paying it back. what he did was wrong. but the drama on this subject is way over the edge. so typical of what you read on this message board. no prospective whatsoever.
We are not on the same Page. The article says Executive Vice President. That title is not the same as Vice President. Your correct, vp's are numerous, EVP's are not. They are heads of major divisions at the bank.
As russians (and i am originally from there) say "if we'd have your problems...". BBT is not that bad bank, anyway, compared to many many others.
Here comes the customer to one russian bank
-Is it true that you offer credits just by the word of honor ?
-Yes, it's true!
-And if I do not pay on time?
-You will be ashamed before God when you'll pass away
-Ha, this will probably take really long time.
-Well, say, if you'll not pay by the fifth, by the sixth you'll pass away