Comments on: Commerce Bancorp CEO forced out by feds over insider dealing… and general ostentatiousness http://ethisphere.com/commerce-bancorp-ceo-forced-out-by-feds-over-insider-dealing-and-general-ostentatiousness/ Essential reading for Directors, CEOs and General Counsel who see opportunity in ethical leadership Fri, 12 Mar 2010 15:07:58 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: xynia http://ethisphere.com/commerce-bancorp-ceo-forced-out-by-feds-over-insider-dealing-and-general-ostentatiousness/comment-page-1/#comment-89 xynia Thu, 02 Aug 2007 01:25:26 +0000 http://ethisphere.com/commerce-bancorp-ceo-forced-out-by-feds-over-insider-dealing-and-general-ostentatiousness/#comment-89 I'm all for ethics, but maybe...just maybe, you're jumping the gun a bit here. Half of the homes in the state of New Jersey are built on old farms / farmhouses. His home isn't as large as is constantly reported...the 48,000 includes the basement (16,000). Sure, 32,000 is still huge, but it's not the White House. He also preserved 50 or so acres around it from ever being developed. His wife's firm made a lot, but it's a little more than $100,000 per branch for what has become a very successful brand. She may have been overpaid, but not by $50M. The Philly issue was 2 guys doing things they shouldn't have. I'm sure there are other companies who have had a few bad eggs. What people resent more than anything is his association with George Norcross. Buying George's influence within the Democratic Party (by acquiring his company) was a deal with the devil. Vernon Hill is no angel, but it's entirely possible he's not as evil as many would like to believe. I’m all for ethics, but maybe…just maybe, you’re jumping the gun a bit here.

Half of the homes in the state of New Jersey are built on old farms / farmhouses. His home isn’t as large as is constantly reported…the 48,000 includes the basement (16,000). Sure, 32,000 is still huge, but it’s not the White House. He also preserved 50 or so acres around it from ever being developed.

His wife’s firm made a lot, but it’s a little more than $100,000 per branch for what has become a very successful brand. She may have been overpaid, but not by $50M.

The Philly issue was 2 guys doing things they shouldn’t have. I’m sure there are other companies who have had a few bad eggs.

What people resent more than anything is his association with George Norcross. Buying George’s influence within the Democratic Party (by acquiring his company) was a deal with the devil.

Vernon Hill is no angel, but it’s entirely possible he’s not as evil as many would like to believe.

]]>