Change is certainly in the air at Bank of America these days. After board members O. Templeton Sloan and Robert Tillman resigned last week, BAC announced that its Chief Risk Officer Amy Woods Brinkley agreed to retire and would be replaced by Greg Curl. This seems to be an interesting choice given BAC's recent history.
Curl's primary role at BAC was as a dealmaker and can claim such successes as overseeing both the Merrill and Countrywide purchases. In the words of Kenny Lewis, Curl, "has that natural ability to look at things, see both the upside and the potential pitfalls and then navigate the right course." Yes, clearly there is a long track record of this given the timing of the Countrywide purchase and complete debacle involved in the Merrill purchase. So the guy that oversaw BAC's overpayment for Merrill will be bringing the new approach to risk the company so desperately wants. Makes perfect sense.
Bank of America Ousts Head of Risk Oversight [NYT]
Posted by HeadlessHorseman , Jun 05, 2009 10:36AM
I'm feeling firsty.
Posted by guest , Jun 05, 2009 10:39AM
Hi ANUS!
Posted by guest , Jun 05, 2009 10:40AM
Great quick insight Greg - Keep it up. Enjoying your posts.
You would think NYT's Louise Story might have made this point but once again she's a journalist who is proving to be a nice story teller who really never digs to find the real nugets of truth in the tale.
Posted by guest , Jun 05, 2009 10:42AM
You're making baby steps, Greggers. I saw a slight glimmer of improvement in this commentary. That said, the tags still suck.
Posted by Clown Capital , Jun 05, 2009 10:43AM
Greg,
Seriously. I'll spare you the public literary ignominy, if you tell the DB audience what's up w/ the hidden comments??? It sucks.
Posted by InfiniteGuest , Jun 05, 2009 10:45AM
America's finest financial news source.
Posted by guest , Jun 05, 2009 10:51AM
Greg, tell me you've been taking your personal effects home with you this week. Friday is priming firing days and I'd say the odds are good you won't be returning on Monday.
Posted by guest , Jun 05, 2009 10:52AM
Greg, I will not be referring to you as Tiffany from here on.
Posted by guest , Jun 05, 2009 11:11AM
@3 fuck off, greg's mom. this story has SO many perfect set-ups, and anus dropped the ball yet again. come on, the fucking antagonist's name is **FINGER**
Posted by HeadlessHorseman , Jun 05, 2009 11:15AM
Sorry about my initial post. I couldn't help myself. Just pining for the good ole' days of DB. Just reminiscing about when the posts were somewhat insightful and mocking in a funny way, the comments were humorous, and nearly every thread didn't degrade into a politically charged schoolyard scuffle six comments in (this one appears to be an exception…so far). Perhaps the slow news cycles are to blame? Or maybe GM is killing DB.
Note to the Yahoo finance crowd (sorry Greg) that seems to have overtaken this site: I'm not referring to the car company.
Posted by guest , Jun 05, 2009 11:20AM
@7
Speaking from experience?
Posted by er666 , Jun 05, 2009 11:28AM
@headlesshorse- try reading posts by bess levin.
Posted by guest , Jun 05, 2009 11:32AM
http://www.nypost.com/seven/06042009/business/getting_the_point_172443.htm
Looks like Mark DeCambre at the NYP called some of the BofA staff changes yesterday before the NYT story.
Nice to see the Post head of the Times again.
Posted by guest , Jun 05, 2009 11:34AM
@13, which means that Greg is a full day behind the news. Well done Greg. You should start a daily column called, "After the Fact"
Posted by guest , Jun 05, 2009 11:35AM
yeah, we read the post story when DB linked to it yesterday. thanks. also, the post beats the nyt regularly.
-- rupert
Posted by guest , Jun 05, 2009 11:36AM
actually, genius, he's not behind on the news. this post was analysis, not news.
Posted by guest , Jun 05, 2009 11:45AM
@16 - um.....where exactly is the analysis? Notifying us that "change is in the air" at Bank of Amerillwide hardly tells me anything new. What's next, a post telling us Vikram is in danger of losing his job?
Posted by Pay It Forward , Jun 05, 2009 11:49AM
Things I would rather do than read a Greg Michaels post:
1. Drop a plugged-in toaster into my bathwater
2. Be waterboarded
3. Get my ass waxed
4. Rock an "I (heart) Turkey" shirt in Little Armenia.
5. Be gang raped by a harem of Yellow Baboons.
Posted by hedge , Jun 05, 2009 11:54AM
"This seems to be an interesting choice given BAC's recent history.
Curl's primary role at BAC was as a dealmaker and can claim such successes as overseeing both the Merrill and Countrywide purchases."
^^ That right there's a paragraph break. Well done, Gregory.
Posted by guest , Jun 05, 2009 12:02PM
i was wondering why Greg's writing looked familiar but then i remembered that i used to have a lot of nightmares as a child
Posted by guest , Jun 05, 2009 12:28PM
Jerry: Elaine, what's wrong? Why are you wearing those strange glasses on your eyes?
Elaine: I saw something awful today and became temporarily blind.
Jerry: You viewed George naked??
Elaine: Worse... I read a Greg Michaels post
Jerry: dear god
Posted by guest , Jun 05, 2009 12:45PM
+1, what Headless says
Greg told me Bess has moved on and is seeing some one knew, who would have thought. Word has it Mr. Fancy Pants has a J! O! B!, direction, stability and goals. Direction schmection he will never measure up to my bedroom convection. Sweet as candy she's a real heart breakor deadly dialect needs a translator but I'll be here, Now or Later. Bess will always be my Los Angles and I her's.
http://www.youtube.com/watch?v=NQswLcNb2tk&feature=related
SPODE
Posted by guest , Jun 05, 2009 1:37PM
marginal improvement on the post, but you used the same punchline about 3 times.