Detailed text transcripts for TV channel - CNN - 20100407:17:54:00
Fall under your purview, when you take over a bank or you move in and that transaction takes place, you don't have to be stuck with anybody who says they had a contract and make them stick around. >> no. the bank fails, that's right. so, we have the ability to accept, repudiate bonus contracts and the management and the top boards are replaced, absolutely. but the little people, we generally try to keep them in place. >> that's your choice. >> that's the nice thing about an acquisition. that's right. it's the acquire bank's in that position. when it's an acquisition it usually is. but you don'...
Source: news source