hubris and pronouns

I read this on the internet --
the pub. is called "InvestorPlace"
I'm re-typing it here, so that I can think about it and try to learn what there is to know.

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Bank of America CEO Takes Hubris to New Level by Chastising Public
by Jeff Reeves / October 26, 2011 3:34 pm

Bank of America is one of the most hated companies in America -- and for good reason. BAC stock is down 50% this year and over 85% from its 2008 peak. Bank of America plans on instating a $5-per-month debit-card fee at the beginning of next year. It took billions in bailout money while regular Americans continue to face stagnant wages, runaway inflation and no relief from the brutal realities of both the housing market and job market.

But apparently Bank of America CEO Brian Moynihan thinks we are all being a bit too hard on him and his cronies.

"I, like you, get a little incensed when you think about how much good all of you do, whether it's volunteer hours, charitable giving we do, serving clients and customers well," Moynihan said to employees last week, according to a Bloomberg report. "You ought to think a little about that before you start yelling at us."

{Insert from BluCol. Lit.: that's a mixed up paragraph -- at the beginning the pronoun "you" appears to refer to Bank-America employees; then in the last sentence "you" suddenly seems to refer to someone else who's "yelling at" bank of am. ...These folks are mixed up -- or careless...And also -- "clients and customers"? Aren't those two words for same thing?}

[Reeves article, continued]: Really? Do you really want us to think more about the antics of Bank of America and expect that reflection to benefit you?

OK, fine. Here are a few musings citizens are chewing over:

Your predecessor, CEO Ken Lewis, was indicted by the SEC on civil charges but never faced jail time. Whatever fines and legal fees he ultimately will incur for his tenure are more than offset by a jaw-dropping $125 million severance package.
Even as you proposed to gouge consumers with a $5 debit card fee, Bank of America wrote a final paycheck worth $6 million to former wealth-management division head Sallie Krawcheck. Another manager, Joseph Price, got a $5 million payday. That means the first 2.2 million debit-card charges will go solely to paying off these BofA lackeys.

Your $5 fee just so happens to coincide with"tests" by JPMorgan Chase and Wells Fargo over a $3 fee, prompting calls for an investigation that the big dogs in the financial sector are colluding to roll out fees at the same time -- browbeating consumers into suffering through the charges because there will be fewer alternatives.

The government is suing BofA (along with 16 others) for its role in the mortgage debacle.
Bank of America placed 28th out of 30 in a recent American Banker survey of bank reputations.
The list goes on. And through it all, the pompous Moynihan is due up to $10 million in performance-based cash and bonuses this year.

{Blu.Col.Lit: "Performance-based." Hmm. Sounds like a phrase that gets attached to make it sound like somebody deserves the bonus they receive. If I paid someone a bonus, I wouldn't call it "a performance-based bonus"; I'd call it a "bonus." Period. I'd only be nervous about justifying it with a phrase such as "performance-based" if I thought it wasn't justified. And if I thought paying the employee a bonus was not justified, I'd just -- keep the money! - (hello?) There's definitely a nervous sort of language of trying to fumble around & make things sound legitimate. Hmmmmh.
When I think of "performance," think of singing - dancing: did Bank of America's Brian Moynihan perform "Proud Mary"?...}

[back to Reeves]: Sorry, Brian. It's not us -- it's you. And boneheaded comments like this one are just further proof that Bank of America's hubris knows no bounds. Maybe you had a sympathetic audience among your employees when you made that aninine statement, but the rest of America isn't fooled one bit.

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This trend seemed like it started with the Enron thing -- what year was that?
It seems like after that you hear so much about two things:
-- executives basically looting companies, sometimes bankrupting them,
&, 2
-- business basically being adversarial to consumers: like -- How can we rip them off? What can we get them to believe? How can we batter money out of them? How can we trick them and fool them?

It's behavior unbecoming in this Free Country that we love.
We were supposed to be setting an example,
but since collapse of Soviet Union it seems like some sectors of our business community have run wild, in a negative way.

Instead of taking the opportunity to lead, and innovate, they took the opportunity to basically loot and rob companies, & cheat consumers, while screaming about "government regulation."

I asked a guy once, Why, after Pres. Reagan de-regulated the airlines, did air service not get better and cheaper, but instead became worse and more expensive?
I was like, 'That's the opposite of what we thought de-regulation was supposed to do.'
He answered, when companies are that big, de-regulation doesn't work; greed takes over.
He was a lobbyist, at the time -- (Oh, one of those bad words), and a --
Republican -- another bad word, to some folks, and, on the other hand,
something to be touted & worshiped, to other folks -- truth is,
[GGOOONNNGGG!] --
Neither! -- just ...folks...

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