Amadeo Peter Giannini founder of Bank of America,turned down $1.5 million at retirement.

[Swede]

A. P. Giannini (Amadeo Peter Giannini) , 1870-1949 said "That much money is not good for you."

He loaned money to immigrant workers,that no one else would. He'd look at there hands to see if they were workers hands,and into there faces,to see if they were good.

His daughter was just on ABC News,she said he would be rolling over in his grave right now.

[malaise]

1. I read a lovely story about how he started the bank

last week. Only at the end did the author say it was the Bank of America.
He also lived a simple life in a regular home.

[KittyWampus]

2. that is beautiful. as others have said, the Wallstreet/Finance crew in power now are sociopaths

[malaise]

3. He was forced out by Elisha Walker

In 1928, Elisha Walker was also a director of the American International Corp. Created in 1915 by J.P. Morgan, the Rockefellers and National City Bank, its directors included Pierre du Pont, Otto Kahn, George Herbert Walker (great grandfather of President George W. Bush), William Woodward (director, Federal Reserve Bank, NY) and Percy Rockefeller.

In 1930, after the Crash, Giannini skipped off to Italy to be near his friend Mussolini. For this temporary “retirement,” Giannini withdrew $2.4 million from his Bank of Italy. It became Bank of America, which by 1949 was the nation’s wealthiest bank.

By the way, he was not squeaky clean. He was a close friend of Benito Mussolini.

http://coat.ncf.ca/our_magazine/links/53/belgrano.html

[soothsayer]

4. BoA has a hideous history, making money from seizing the assets of japanese americans in detention

camps. of course they are huge, having gobbled up like 300 banks in the past 80 years, so surely have some skeletons. i still think they are evil.

that notwithstanding, i guess the ceo is doing a good thing

[scarletwoman]

6. The founder referred to in the OP died in 1949. This isn't about a current CEO. (nt)

[Tuesday Afternoon]

5. This needs to make the Home Page. K&R

Thank you for posting this.