[exmicrosoldier]

They had other choices - they could have lowered the interest rate they return to account holders as more and more deposits came in. They could have lowered their profit guidance to shareholders instead of taking actions that wiped them out.

As I understand it, the reason they failed is because they gambled on interest rates staying low and chased returns to maximize profits to shareholders.

Shareholders deserve to lose money when they are pushing - or even remaining silent on - increasingly risky corporate behaviors as absentee owners.