Monday, April 21, 2008
Ups and downs in a MultiCultClassics Monologue…
• Bank of America reported a 77 percent drop in 1Q profits. “These results clearly did not meet our expectations,” said Chief Executive Ken Lewis. “The weakness in the economy and prolonged disruptions in the capital markets took their toll.” Hadji Williams hopes to see the percentage significantly increase in the next quarter.
• Google reported a 30 percent increase in 1Q profits. Chief Executive Eric E. Schmidt said, “It’s clear we are well positioned for 2008 and beyond, regardless of the business environment we are surrounded by.” Especially if Bank of America employees proceed to use Google to search for new jobs.