Deseret News | Zions Bancorp. reports $832.2 million loss

Reader comments
Zions Bancorp. reports $832.2 million loss

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!!!

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!

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.

Comments continue below

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?

@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.

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?

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.

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.

moving | 4:40 p.m. April 21, 2009

I'm moving my money market account to Wells Fargo.

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.

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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