marketplace.publicradio.org - 4/24/2009
—
Bank of America CEO Ken Lewis In testimony released by New York State Attorney General Andrew Cuomo, Bank of America's CEO Ken Lewis says he was pressured by the government to keep quiet about losses from absorbing troubled Merrill Lynch. Steve Henn reports. Bank of America CEO Ken Lewis (Saul ...
Who is more heinous...Paulson Or Lewis?
dailybail.com 4/24/2009 —
Pretty solid CNBC video discussing Ken Lewis, Henry Paulson and the Bank of America takeover of Merrill Lynch. They pose the question: who's the bad guy?
Ken Lewis is guilty of having the most-hated face in all of failed banking. He should be indicted for ugly. And for ...
Who Is Most Heinous...Paulson, Lewis Or Bernanke?
dailybail.com 4/24/2009 —
Pretty solid CNBC video discussing Ken Lewis, Henry Paulson and the Bank of America takeover of Merrill Lynch. They pose the question: who's the bad guy?
Ken Lewis is guilty of having the most-hated face in all of failed banking. He should be indicted for ugly. And for ...
The Prisoners Dilemma: John Thain vs Ken Lewis
ritholtz.com 4/28/2009 — “Regulators are supposed to tell you to obey the law, not to disobey the law. If you’re the CEO, your first obligation is not to your regulator, it’s to your institution and shareholders.”
- Jonathan R. Macey , deputy dean ...
Lewls Testified Treasury and Fed Pressed for Silence on Merrill Woes
nakedcapitalism.com 4/23/2009 — Perhaps I am reading too much into a late breaking Wall Street Journal story, but inquiring minds do wonder. The Journal tells us that Bank of America CEO Ken Lewis told the New York attorney general's office in February that he had been told by ...
Does Ken Lewis Survive At B of A Past Wednesday? (BAC, C) —
24/7 Wall St.
Wednesday will potentially mark the apex for the scandals and controversy surrounding Bank of America Corporation (NYSE: BAC) as far as its role in Merrill Lynch bonuses, whether Ken Lewis (and/or other managers) get to stay on, whether mergers were forced, TARP acceptance, strange acquisitions, ...
Bank of America’s (BAC) Lewis Sold CFO His Porsche —
24/7 Wall St.
Bank of America’s CEO Ken Lewis sold his CFO Joe Price a Porsche in 2007. According to SmarTrend, “While the details of the sale remain private, the transfer itself raises serious doubts regarding ethics of the relationship between Lewis and Price.”
Maybe it does raise ethical, ...
Cuomo confidential —
FT Alphaville
In testimony leaked to the Wall Street Journal on Thursday, Bank of America chief Ken Lewis suggested Hank Paulson forced his hand on the Merrill deal.
Lewis had his doubts about the transaction, but Paulson convinced him it was not in the CEO's "best interest" to walk away, according to the ...
Ken Lewis Throws Paulson, Bernanke Under Bus —
Dealbreaker
Why didn't Ken Lewis tell Bank of America shareholders that the company they were acquiring was set to report an imperial asston of losses for the fourth quarter, information that would've been more useful to them before the deal went through, rather than after? 'Cause Paulson and Bernanke ...
Ken Lewis Keeps His Day Job (BAC) —
24/7 Wall St.
Ken Lewis got a slap on the hand. Shareholder of Bank of America (BAC) voted to separate the chairman’s role from the CEO’s and the banks board was forced to elect a new chairman, Walter E. Massey, a college president who has been on the firm’s board for so long that he is as ...
Lewis ousted as BofA chairman —
FT Alphaville
Bank of America chief executive Ken Lewis was stripped of his role as chairman on Wednesday after rebellious shareholders forced BofA’s normally quiescent board to replace him with long-time director Walter Massey. Lewis will remain as BofA’s chief executive but the passage of a shareholder ...
Ken Lewis Out As Chairman Of Bank Of America —
Dealbreaker
CHARLOTTE April 29 /PRNewswire/ -- Bank of America Corporation today announced the results of management and shareholder proposals at the company's 2009 annual meeting.
All 18 directors were elected to the board by comfortable margins. In addition, management proposals regarding executive ...
Ken Lewis' Fate "Too Close To Call" —
Dealbreaker
The key issue: Splitting the Chairman and CEO role (effectively stripping Lewis of the Chairman title) is deadlocked as the proxy vote is carefully counted behind closed doors.
Apparently, however, and this is still super-rumory, the current board (including Lewis) was easily retained.
...
Follow WallStreetBlips on Twitter
