Taxpayers squeezed while management takes the money and runs

Taxpayers were forced to give Comerica over $2 billions dollars in TARP money.   The company stock increased thereafter.  Meanwhile, Comerica management has been cashing out (see table below).  Corporate executives don’t seem to publicize their lack of confidence in the stock.  These huge stock sales are done quietly.

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One Response to “Taxpayers squeezed while management takes the money and runs”

  1. Qpp Says:

    Comerica sues because they can’t compete with other organizations. Especially former employees who choose to start their own firm. Great way to spend TARP money.

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