U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > North Carolina > Charlotte
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-20-2009, 09:32 AM
 
Location: Huntersville
1,852 posts, read 4,675,905 times
Reputation: 525

Advertisements

Quote:
Originally Posted by CouponJack View Post
Chef, you can make excuses till the cows come home. Any company who needs a 20 BILLION dollar bailout tells me there's something wrong w/the company. (And that might not even be enough)


I don't think Ken Lewis is feeling too comfortable these days...(well maybe he is, since he'll get a golden parachute if they let him go...)
There is somethign wrong with Banking in General and all companies, we are in a recession and still working off these home loans. I am not comfortable with the ML purchase, but at this point, I still wanna hear other options.

Also, just in case you didn't know Ken Lewis is one of the few execs out there without a Golden Parachute. Not that he hasn't made his money.
Reply With Quote Quick reply to this message

 
Old 01-20-2009, 12:31 PM
 
1,588 posts, read 3,564,262 times
Reputation: 889
Quote:
Originally Posted by ZnGuy View Post
Charlotte economic growth will continue. Some major financial firms will be re-locating here in the future (from NY) due to CLT hiring pool of qualified people, lower costs and more.


Quote:
Originally Posted by anifani821 View Post
I agree. We have a very robust workforce and the nation knows it!!! Also, we have international companies here and more will arrive in the coming years . . . so that will mean more jobs, as well.


Are you two serious? What “major” financial firms will be re-locating to Charlotte? There has been zero news or speculation about that happening outside of the Charlotte area and its rag the Observer. Also, as far as having international companies, a qualified and robust workforce, etc… is concerned, the same can be said about numerous metropolitan areas throughout the country. Don't let your pride and/or ignorance get in the way.

Quote:
Originally Posted by Gumbo View Post
BoA will not fail. The question is whether CITI and BoA are nationalized by the US Gov't. Prospect scares me as a shareholder of BoA.


BofA will either be nationalized or it will tank. Either way, its stock is basically worthless. It’s crazy how BAC's market cap (29.05B) is now less than the original purchase price for Merrill Lynch.
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 04:43 AM
 
27,903 posts, read 34,460,856 times
Reputation: 4031
Male:

Industry:

  • Construction (12%)
  • Finance and insurance (11%)
  • Professional, scientific, and technical services (10%)
  • Accommodation and food services (8%)
  • Administrative and support and waste management services (5%)
  • Health care (4%)
  • Real estate and rental and leasing (4%)
Occupation:
  • Other management occupations except farmers and farm managers (6%)
  • Other sales and related workers including supervisors (6%)
  • Sales representatives, services, wholesale and manufacturing (5%)
  • Building and grounds cleaning and maintenance occupations (5%)
  • Computer specialists (5%)
  • Driver/sales workers and truck drivers (4%)
  • Material recording, scheduling, dispatching, and distributing workers (3%)
Female:

Industry:

  • Health care (15%)
  • Finance and insurance (13%)
  • Educational services (13%)
  • Accommodation and food services (8%)
  • Professional, scientific, and technical services (6%)
  • Social assistance (4%)
  • Administrative and support and waste management services (3%)
Occupation:
  • Other management occupations except farmers and farm managers (5%)
  • Preschool, kindergarten, elementary and middle school teachers (5%)
  • Other office and administrative support workers including supervisors (5%)
  • Other sales and related workers including supervisors (4%)
  • Information and record clerks except customer service representatives (4%)
  • Registered nurses (3%)
  • Cashiers (3%)

http://www.city-data.com/city/Charlo...-Carolina.html
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 04:48 AM
 
27,903 posts, read 34,460,856 times
Reputation: 4031
Avalon Project - The Charlotte Town Resolves; May 31, 1775

You know I heard all the same hype a decade ago when the careful destruction of cigarette companies was being planned. Tax hike after tax hike.... fine and fine... court settlement after court settlement here we are.... no one turned to dust and Charlotte and NC are still here. There seems to be a history of adaptation.
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 07:02 AM
 
Location: State of Being
35,885 posts, read 67,193,442 times
Reputation: 22375
Quote:
Originally Posted by BigJon3475 View Post
Avalon Project - The Charlotte Town Resolves; May 31, 1775

You know I heard all the same hype a decade ago when the careful destruction of cigarette companies was being planned. Tax hike after tax hike.... fine and fine... court settlement after court settlement here we are.... no one turned to dust and Charlotte and NC are still here. There seems to be a history of adaptation.
Yes, we are resilient here. At least, the natives are. There is a long (250 year) history of entrepreneurism in this region. Businesses were indigenous, including BANKING. All the outside interests flocked here in the last quarter of the 20th Century. Sure, it changed the face of business in Charlotte. But there are still plenty of us out here whose roots (and mindset) go back hundreds of years in this region - and since we are here to stay - and thus, have to make a living . . . we will figure out how to create new streams of revenue, create new businesses, employee people.

For those who came here in a wave of transfers, following exec level jobs - then maybe the situation is different. Those folks might have roots elsewhere and unless they can come up w/ innovative ways to sustain their families here . . . they will be the people who will have to move to other locations, once again following the job openings/job offers.

Charlotte is not going to cease to exist w/o banking. The current situation w/ layoffs makes it clear that yes, it will definitely impact life here . . . but then, so did the Depression - and the natives made it through that, too - and we are still here, today . . .
Reply With Quote Quick reply to this message
 
Old 01-22-2009, 11:41 AM
 
Location: Huntersville
1,852 posts, read 4,675,905 times
Reputation: 525
I didn't want to start a new Bank of America thread, but, this wasn't suprising.. Thain is out.

Ex-Merrill chief Thain to leave Bank of America - Jan. 22, 2009

And Wow.. BofA people got screwed!

http://www.reuters.com/article/compa...0090122?rpc=11
Reply With Quote Quick reply to this message
 
Old 01-22-2009, 11:51 AM
 
Location: State of Being
35,885 posts, read 67,193,442 times
Reputation: 22375
OMG - that is outrageous. Did you see the figures for the money set aside for compensation???? No way!!!!!
Reply With Quote Quick reply to this message
 
Old 01-22-2009, 11:52 AM
 
Location: Crown Town
2,742 posts, read 5,996,296 times
Reputation: 1667
Quote:
Originally Posted by Whytewulf View Post
I didn't want to start a new Bank of America thread, but, this wasn't suprising.. Thain is out.

Ex-Merrill chief Thain to leave Bank of America - Jan. 22, 2009
Indeed this is not surprising. Most believed he'd be leaving at some time anyway, which is normally the case in these big mergers; the old CEO normally does not stay on. This effectively ends the debate for the folks on this board who suggested Thain would eventually be the CEO of Bank of America. Again, anyone who's followed these types of mergers knows that was never going to happen.
Reply With Quote Quick reply to this message
 
Old 01-22-2009, 11:53 AM
 
27,903 posts, read 34,460,856 times
Reputation: 4031
wow...that's ridiculous
Reply With Quote Quick reply to this message
 
Old 01-22-2009, 12:16 PM
 
Location: Charlotte, NC
246 posts, read 503,705 times
Reputation: 160
I also read that Thain spent 1.21 MILLION dollars to get his office rennovated, including an $86k area rug.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > North Carolina > Charlotte
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 02:59 PM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top