Magazine : Archives : 4th Quarter 2009
For BofA, a Year of Living Dangerously
When your only tool is a hammer, every problem looks like a nail. The same goes for opportunity—or so it seems with Ken Lewis, the beleaguered chief executive officer at Bank of America who announced in October that he would resign his position by December 31st after 40 years with the company, eight of them as CEO.The 62-year-old Lewis has spent much of the last 12 months in the news headlines and usually, with a banker, that’s not a good thing. His annus horribilis began in September 2008 when he negotiated the stunning acquisition of the troubled investment bank Merrill...
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