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Portfolio.com asked it’s readers to vote on the least trustworthy Wall Street CEO. The results are not surprising and macabre in their own way. As we’ve thoroughly documented here, Wall Street CEOs have had a problem with drinking their own kool aid or lying throughout the housing, credit and mortgage bust.
Below are the results with their most choice quote about the strength of their company or the impact of the mortgage mess on their business.
The higher the percentage the less trustworthy. As Barry asks at The Big Picture, where’s Tangelo? And the answer
of course is, he’s no longer a CEO.
From Portfolio.com:
The Final Tally:
Alan Schwartz, Bear Stearns : “Capital … remains strong.” 26%
Martin Sullivan, AIG: Chance of a loss? “Zero.” 22%
Ken Lewis, BofA: There’s “value in Countrywide.” 12%
Ken Thompson, Wachovia: We’re in “a great market.” 11%
Dick Fuld, Lehman Bros.: “The worst is behind us.” 8%
John Thain, Merrill Lynch: “We have tackled the problem.” 8%
Vikram Pandit, Citi: We are “well-capitalized.” 7%
Kerry Killinger, Washington Mutual: “Profitability” in 2008. 4%
John Mack, Morgan Stanley: “Comfortable” with the risks. 3%
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
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