Reader comments
Zions Bancorp. reports $832.2 million loss
11 comments | Read story
CEO | 5:17 a.m. April 21, 2009
But you just gave your CEO a big fat bonus. Now on the other hand, I'm a
CEO and the board basically holds me accountable for the P and L statement. If I
don't perform, I'm not rewarded, if I do well then I'm taken care
of.........duh!!!
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TARP recipient | 7:49 a.m. April 21, 2009
Let's see, didn't Zions get $1.4 BILLION in TARP money? Good thing,
because it appears it all got flushed down the toilet in the first quarter.
Government intervention at it ever-lovin' best!
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Be Accurate | 8:02 a.m. April 21, 2009
Get your facts straight, CEO. Zions' CEO has not taken a bonus for the past
two years. If you are going to take shots, at least make sure your facts are in
line.
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Missing the point? | 8:33 a.m. April 21, 2009
Do any of you bank with zions?? I have money in a zions account, will the bank
be there in a month?
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@Be Accurate | 9:34 a.m. April 21, 2009
Any idiot would know that you don't take a bonus, two years or three if
you're in the RED!!!! Get your head out of the sand and enjoy Change and
Hope.
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Waren | 10:23 a.m. April 21, 2009
How many quarterly losses does it take to recognize mismanagement? The majority
of bank loses come from bad strategic decisions, not poor risk selection. What
will it take for Zion's Board to finally recognize senior management is the
problem and replace them? Will it be necessary for the regulators to make that
decision for them?
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Ratings Downgrade | 10:49 a.m. April 21, 2009
No mention of the fact Moody's downgraded the senior unsecured debt eight
notches from Baa1 to B3? The debt of Zions goes from Investment Grade to High
Yield (i.e. junk) status in the blink of an eye and the Deseret News has nothing
to say? Wow.
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dfarr | 11:27 a.m. April 21, 2009
No bonus but his compensation was over a million dollars. He isn't worth
it, sort of like the other toxic assets on Zions books.
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moving | 4:40 p.m. April 21, 2009
I'm moving my money market account to Wells Fargo.
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Ratings Downgrade | 7:05 p.m. April 21, 2009
How much is management to blame vs. your average Utahn who leveraged his/her
personal balance sheet to toxic levels? How many homeowners in Utah are faced
with negative equity because of their personal greed? Utah had one of the
highest bankruptcy rates in the Union even before the credit crisis. I can only
imagine where the state ranks now. The public finds it all too convenient to
blame the financial system for their woes, but they didn't seem to have a
problem with it when it served their gluttonous borrowing binge.
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big bath | 7:25 p.m. April 21, 2009
time to buy this stock and wait for the sustained upswing as there is a lot less
on the balance sheet that could be written off. Smart move by Zions and way to
squeeze as much out of this loss as possible.
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