http://www.cheezhead.com/2009/03/13/ved-careerbuilder-sues-bank-of-america/ Insight and opinion from the world of employment. Fri, 13 Nov 2009 04:01:22 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.cheezhead.com/2009/03/13/ved-careerbuilder-sues-bank-of-america/comment-page-1/#comment-117075 B of A Toxic Assets Sun, 22 Mar 2009 09:36:13 +0000 http://www.cheezhead.com/?p=4092#comment-117075 Wondering if this screw up, by presumably the CFO, has anything to do with the recent pay cuts? Investments by definition carry an inherent risk, my guess is the judge laughs them out of court. If you read the article carefully, careerbuilder still has assets that are worth $32.5 million, the only problem is they don't mature for another 30 years. They are still getting interest payments on the toxic assets. Money markets and savings accounts were invented for a reason. They tried to get crafty and got burned. Remember investment bankers, are not your friend, do your own research before making any investment, Caveat emptor! That's a $32.5 million dollar lesson careerbuilder will never forget. Wondering if this screw up, by presumably the CFO, has anything to do with the recent pay cuts? Investments by definition carry an inherent risk, my guess is the judge laughs them out of court. If you read the article carefully, careerbuilder still has assets that are worth $32.5 million, the only problem is they don’t mature for another 30 years. They are still getting interest payments on the toxic assets. Money markets and savings accounts were invented for a reason. They tried to get crafty and got burned. Remember investment bankers, are not your friend, do your own research before making any investment, Caveat emptor! That’s a $32.5 million dollar lesson careerbuilder will never forget.

]]> http://www.cheezhead.com/2009/03/13/ved-careerbuilder-sues-bank-of-america/comment-page-1/#comment-116968 Rafael Fri, 13 Mar 2009 13:36:46 +0000 http://www.cheezhead.com/?p=4092#comment-116968 At least this will put the lawyers back to work. At least this will put the lawyers back to work.

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