Word: banking
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...whoever takes over from Lewis will have a tough job returning the bank to the position it was in on the eve of the credit crisis. Lewis seems to agree. In the resignation e-mail that went out to employees, Lewis wrote, "I am disappointed in how we managed credit risk. The next two quarters will be difficult...
...That same year, took a job as a credit analyst at North Carolina National Bank and began his long climb to the top. The bank was swallowed by a series of larger firms, eventually merging into Bank of America...
...Reported to a new position in Florida less than 24 hours after being asked to run a string of bank branches in 1985. (Read "Bank of America Officials May Face Charges...
Fast Facts: • Born April 9, 1947, in Meridian, Miss. His family lived 50 miles away in Walnut Grove, but the small town lacked a hospital. Grew up in Columbus, Ga. (Read "The Rise and Sudden Fall of Bank of America's Ken Lewis...
...beard should have given him away. When Bank of America CEO Kenneth Lewis returned from vacation in Aspen, Colo., last month, the clean-cut Southerner was sporting scruff for the first time in memory. That wasn't the last change he had in store: on Sept. 30, Lewis unexpectedly announced he will step down by the end of the year, leaving the giant bank scrambling to find a successor. The 62-year-old garnered plaudits as he climbed the firm's rungs over 40 years, but he has absorbed a series of blows for his stewardship of the company during...