How Bank of America Screwed the Pooch With the Merrill Lynch Purchase

Cool article in Forbes looks at seven ways Bank of America failed its fiduciary duties to its shareholders in its purchase of Merrill Lynch:

By definition, these key decision makers are required to exercise a fiduciary duty to put the interests of shareholders first in all corporate decisions. When executives or boards fail to uphold this standard of loyalty, care and due diligence, shareholders can be financially harmed. Since the initial merger announcement last September, they have lost over $150 billion, and the sheer speed in which these sizable losses occurred, warrant further investigation.

And the people who blew it are still in charge!