RE:One other thing to think about....She can't turn it around, no one can. LB is unionized to the hilt. It's like terminal cancer. LB can't compete with the non unionized banks, as can be seen by their ROE having lagged peers for decades.
A suitor would have to find a way to get rid of the union, highly not possible, or to gradually transition away from the unionized entity by integrating LB operations into their own. Union will fight every step of the way.
If an offer is tabled, the union might try to get a look at it and decide to try to scutle it, if they get the feeling the offerer plans to try to marginalize the union... which any sane offerer must seek to do.
GLTA