I’ll Pass

January 6th, 2009

I’m sorry, but should we be feeling something after reading this?

Kenneth Lewis, Chief Executive of Bank of America Corp (BAC.N), has recommended to his board of directors that he not receive a bonus for 2008, news reports said on Tuesday.

Lewis is among the many Wall Street chief executives that are not receiving bonuses amid heavy losses for the industry, share price plunges and government rescues.

So what does this mean? I’m pretty sure he didn’t pass on the bonus for the sake of the company. In fact, my bet it was 100% for public image.

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