Word: lewises
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Now that the board has backed Lewis through a remarkably difficult period in which there was pressure from many quarters to oust him, his job is almost certainly safe and will be for a long time. It is very likely that the government did not give the board an ultimatum...
Lewis has also been heavily criticized for putting the bank in a financial position where it is unlikely to pass the government's bank stress test which means it will have to raise more money. Among other things, this will dilute common shareholders and may even jeopardize the value of...
The B of A board must have made its decision to keep Lewis based on one of two things. The first is that he did the best he could with a difficult set of circumstances that face most large banks. The second is that no one else would take the...
Almost no one gave Lewis a chance of surviving in his job as post as he has. His critics cannot get much satisfaction about his fate. He still have the corner office and a board that loves him despite his best efforts to be unlovable.
Bank of America shareholders voted April 29 to remove Ken Lewis, 62, aschairman, thoughhe will stay on as CEO and president.