nypost.com - 1/28/2009
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Last updated: 1:01 am January 28, 2009 Posted: 12:52 am January 28, 2009 John Thain may not be the only one having to answer questions posed by New York Attorney General Andrew Cuomo about Merrill Lynch's controversial 11th-hour bonus payments. Sources tell The Post that Bank of America chief ...
nypost.com - 2/2/2009
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nypost.com —
Last updated: 12:23 am February 2, 2009 Posted:
12:15 am February 2, 2009 A group of angry...
Bank of America shareholders plans to demand that Chairman and Chief Executive Officer Ken Lewis get the boot at the bank's upcoming annual meeting. Jerry ...
(more)
BOFA DISSIDENTS SET SIGHTS ON CEO LEWIS - New York Post
bloomberg.com - 1/30/2009
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bloomberg.com —
Jan. 30 (Bloomberg) -- Andrew Cuomo , New
York’s attorney general, may demand the return of $4...
billion in bonuses paid by Merrill Lynch & Co. just before it was acquired by Bank of America Corp. , a person familiar with the matter said. Cuomo also ...
(more)
Cuomo May Ask Return of $4 Billion in Merrill Bonuses ...
blogs.wsj.com - 1/23/2009
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blogs.wsj.com —
Mergers often prove troublesome, but few have set
the land-speed record for disaster as fast as Bank...
of America’s $50 billion acquisition of Merrill Lynch. Let us detail the ways. Only three weeks after the deal closed on Jan. 1, there has been the ...
(more)
Deal Journal - WSJ.com : Bank of America-Merrill ...
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Andrew Cuomo to Ken Lewis: Take a Number
Trader Daily Combined Feed —
... it.
"This is a serious investigation and we intend to get to the bottom of how this happened, and that will likely mean going all the way to the top," said a person familiar with the investigation.
That could mean that Lewis might join Thain in receiving a subpoena from Cuomo's office as part of a probe into who authorized billions of dollars to be paid out to Merrill execs, even as Merrill was set to record an eye-popping $15 billion, fourth-quarter loss.
Continue reading on NYPost.com
There's Gonna Be A Showdown In Charlotte?
Dealbreaker —
... CEO's job "is in no danger," but another person, also in close proximity to the situation, hissed that everybody needs to pipe down and "wait until Wednesday...you'll get your answer then," which sounds ominous. Plus, since Friday, certain revelations have come to the bank's attention like, among others, what role Lewis's right-hand guy, Steele Alphin, played in the whole Merrill/Thain sitch, and the matter of KL dying his hair.
In related news, it seems Lewis may join Team Touched by Andy, with sources telling the Post a subpoena is ...
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I See Dead Bankers! —
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