Well, I’ll Be a Disgraced Bank CEO (For $33 Million)

Ken James – soon to be ex-CEO of Bank of America – will be just fine:

That should give him about $3.5 million a year in pension payouts for the rest of his life — at a time when people who bought the stock when he took the reins in 2001 are underwater on their investments. Although the bank swore off employment contracts and eliminated golden parachutes seven years ago, Lewis can thank a pension plan that dates back decades for his rich retirement rewards.

via Rich Dudes: Soon-To-Be-Ex Bank Of America CEO Has $53 Million Pension.