We suppose that just by asking the question the Financial Times seems to think so. To wit:
There is a popular cry for Ken Lewis to do a far, far better thing than he has ever done. But why should the boss of Bank of America’s head roll? There are two thrusts to the argument. The first is retrospective: Mr Lewis should be punished for inadequate due diligence before buying Merrill Lynch, which lost $15.3bn last quarter and sent BofA’s shares tumbling. The second argument looks ahead: Mr Lewis has so inflamed employee passions at both BofA and Merrill that he can no longer lead the combined bank.
Well fine. If the court of Bank of American Merrilwide can vote on it, so can Dealbreaker.
Bank of America’s CEO [The Financial Times]
There are so many at both companies, that application of the standard across everyone who phucked-up so royally would simply gut the place.
No, Ken Lewis should have to stick around and clean up the mess he made.
What he should not get is any kind of fat pay package. He should have to stick this out and if the firm goes bust, he should lose all of his deferred comp and executive retirement packages.
If we let him out now he eliminates all of his exposure to BAC. Do we really want that?
I had two thrusts once when I took this super hot chick home once.
When the Board reaffirms your position and gives you their full support, it’s a matter of months before you are shoot-canned.
Signs of intelligent life in Washington, they’re faint, just a little blip, but this is very interesting…
NEWS STORY FOR N. 6151 (Source: DJ)
14:41 01/30 *DJ White House: Reviewing `Buy American’ Part Of Stimulus Bill
no time, lewis come
Muffie would be an improvement.
@ 3. When your right, your right. Ditto for most financial outfits. The government simply let them create too much money in the form of bogus assets.
@ 5 thanks for sharing. Hot stuff.
BAC bonuses were supposed to be announced today … anyone know what happened?
Klewis-Klops will have his revenge…
@2, your comment implies a capability on Kenny’s part to clean up.
Ken got ego bigger than his balls. Should go.
Anyway you can track the votes that come from BofA servers?
Anyone know bonus #’s for first year combined-bank CEO’s?
@11 – still no word on BAC bonuses.
Looks like they are deferring the announcement until Jan 09.
….sorry, for the purposes of attempted humor, that should read Jan 10
Bring back Thain!!
@16, I believe they get a 6 month Lycan-footed Commode rental
Klew-Klop
Klew-Klop
Klew-Klops
BAC bonus numbers are in. They made the announcement in a very interesting way this year. Packages were distributed by HR. Inside each was a large black dildo, and a set of instructions. The instructions began with a paragraph on how the dildo is made from the same biodigradable plastic as the mugs; environmentally friendly. The dildo was then to be placed in one’s anus, at least five inches deep. This caused the back of the plastic phallus to open, so that the paper with the actual number and vesting schedule could be removed. The vesting schedule says that the payments will be made over three years, as long as one us continuously employed. It additionally stipulates that the dildo must remain firmly in the anus for the duration of the vesting period. I got mine in already, and it’s actually not so bad once the initial shock wears of.
Don’t cry for me Bank of Amerilwide
The truth is I never left you
All through my wild days
My mad existence
I kept my promise
Don’t keep your distance
And as for fortune and as for fame
I never invited them in
Though it seemed to the world
They were all I desired
They are illusions
They’re not the solutions
They promise to be
The answer was here all the time
I love you and hope you love me
Don’t cry for me Bank of Amerilwide
The truth is I never left you
All through my wild days
My mad existence
I kept my promise
Don’t keep your distance
@22 – probably one of the funniest posts I’ve seen on this site
I heard they got no bonuses this year – the people who got laid off did better
@18, do you mean zero cash bonus this year across the board?
@22 Brilliant!
@24 Yes. Ranks up with the “Drunk in the store”.
There’s nothing a good spanking, butt plugging and tie up won’t cure. I’m waiting for you Ken. Bitch.
BoA’s House Dominatrix
Do the urinals at OBP get fixed before or after Lewis is ousted?
“There is a popular cry for Ken Lewis to do a far, far better thing than he has ever done. But why should the boss of Bank of America’s head roll?”
“It is a far, far better thing that I do, than I have ever done; it is a far, far better rest that I go to, than I have ever known.” (Final lines of tale of two cities before Carton is guillontined in Darnay’s place)
-Proof that the british are smarter and wittier than americans, love to hear the Gas Bag pull off some prose like that.
Ken Lewis (what kind of a name is Ken anyway) is an embarrassment. What kind of leader shoots his own troops and shares his meal with the enemy. How is it that good people get fired or cheated out of a bonus after doing a good job and Merrill people put their company in the crapper and get a hefty bonus on top of that and the run of Bank of America offices. You got to be kidding me!!! The day that man gets fired I’m going to celebrate!!!!!!
Ken Lewis (what kind of a name is Ken anyway) is an embarrassment. What kind of leader shoots his own troops and shares his meal with the enemy. How is it that good people get fired or cheated out of a bonus after doing a good job and Merrill people put their company in the crapper and get a hefty bonus on top of that. You’ve got to be kidding me! The day Lewis gets fired I’m going to celebrate!!!!
Ken Lewis (what kind of a name is Ken anyway) is an embarrassment. What kind of leader shoots his own troops and shares his meal with the enemy. How is it that good people get fired or cheated out of a bonus after doing a good job and Merrill people put their company in the crapper and get a hefty bonus on top of that. You’ve got to be kidding me! The day Lewis gets fired I’m going to celebrate!!!!
Ken Lewis (what kind of a name is Ken anyway) is an embarrassment. What kind of leader shoots his own troops and shares his meal with the enemy. How is it that good people get fired or cheated out of a bonus after doing a good job and Merrill people put their company in the crapper and get a hefty bonus on top of that. You’ve got to be kidding me! The day Lewis gets fired I’m going to celebrate!!!!
Ken Lewis (what kind of a name is Ken anyway) is an embarrassment. What kind of leader shoots his own troops and shares his meal with the enemy. How is it that good people get fired or cheated out of a bonus after doing a good job and Merrill people put their company in the crapper and get a hefty bonus on top of that. You’ve got to be kidding me! The day Lewis gets fired I’m going to celebrate!!!!
i would rather try to ingest my new black BofA mug than work another day for these rednecks.
pretty much confirmed they got zero, at least at the associate level.
Merrill guys will get paid like BofA guys at end of this year…nada. BofA guys will just continue to take it up the as# until someone goes postal and takes out an entire floor of bankers.
#21, to add insult to injury, you get these 20-something ML jerkoffs with the expensive ties being put in charge of the “merger”. The end result is that the veterans who’ve been with the bank for a decade and are the reason why BofA is in a position to buy bankrupt Merrill in the first place get shit-canned by some ML zit popper that’s four years out of b-school. When you allow politics to dictate how the merger goes down, you pretty much know how this story ends for BofA.
The sad part is, Ken is a good guy, but he’s allowed the ego stroking of the New York shoe salesmen to taint his judgment. The Trojan Horse has been successfully inserted.
@45 fucktwat…love it, Can I use that?
Ken Lewis is a pudgy, bald, needledick.
He wears panties and heels for his gay boyfriends.
Ken Lewis is a pudgy, bald, needledick.
He wears panties and heels for his gay boyfriends.
Ken Lewis is a pudgy, bald, needledick.
He wears panties and heels for his gay boyfriends.