Cheat Sheet
The Best In Brief
BofA CEO Opening Difficult to Fill
Doomed Bank of America CEO Ken Lewis' last day is December 31—and the "too big too fail" bank is at such a loss to fill his position, they may name a stopgap chief for the interim between Lewis and his permanent replacement. Bloomberg reports that "at least four external candidates," including Citigroup director Michael O'Neill, have turned down offers. BofA's search is complicated by the fact that their choices must be vetted by government regulators. House Oversight Committee Chair Edolphus Towns' gave internal BofA candidate Brian Moynihan the kibosh last week for insufficient leadership experience, and Treasury Department paymaster Kenneth Feinberg is reportedly keeping a close eye on the hiring process, too. What's more, warring shareholder factions—including the group that led the anti-Lewis revolt—aren't agreeing on favored candidates, other than ones that have already turned the position down.
roadhunter
Hell, I'll do it for $100K per year, relocation assistance, a covered parking space, and a "Golden Parachute" of only $3 million. I promise no affairs, no embezzlement, no drugs, kiddie porn, or any other kind of scandal whatsoever. I'll be more squeaky clean that Ernie's taint after a bath with Bert! Even if I screw things up big time, I'm a bargain!!
DeliaK
You're hired!
larry278
Being the CEO of BOA means that you must be covered in international orange, 24/7, your office is a shooting range & your residence is also is on a shooting range both ranges are also used 24/7. You are bound to be shot multiple times every & you will die of your wounds. Anybody who is willing to take the job under these conditions is too stupid to do the job. If you're willing to take these risks, the feds won't let you take the job.
Slamlander
The problem is Barney Fife and his Senate Banking committee. No one qualified will put up with the public humiliation that that committee will put them through. Why no Banking CEO has tolled them to fuck off, amazes me.
While I am not a fan of BofA (I will never do business with them again) I do sympathise with Ken Lewis there. The BS just isn't worth the job.
FatFreddy
Yeah? I guess you're referring to Barney Frank? That's the *House* Banking Committee, not the Senate.
Slamlander
Barney Frank = Barney Fife? That was intentional. But you are correct, it was the house. I an not my best at 0032h CET.
KGBeast
Have they tried Craigslist?
This user is no longer registered.
n--Y--bbrown13FatFreddy
Give the job to Mel Watt. Oh wait, he's already on their payroll.
MaliciousDisorder
Just contact Juan Hernandez, director of US Mexican relations. He's the person who talked Bank Of America into giving all the illegals mortgages.
jojo12
The handwriting is on the wall. They can't find a replacement for Ken Lewis so as quick as you can say BofA, the new CEO will be (drum roll please), Ken Lewis.
EtienneEtoile
Sounds like none of these CEO types is honest enough to pass the vetting process to me.
DakLak
Maybe the bank can't add enough zeros to the end of the paycheck or they thinking of paying the new guy off in stock and the applicants can figure how much shares will be worth in a couple of years time.
B of A is damaged goods and people should pull their money out until it is small enough to fail ... then pull the plug. Euthanasia - a kind of killing off those past their prime!
Thank you.
As a first time user, your comment has been submitted for review. It can take anywhere from a few hours to a day or two for your comment to be reviewed, depending on the time of week and the volume of comments we receive.