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]
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I’m feeling firsty.
Hi ANUS!
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.
You’re making baby steps, Greggers. I saw a slight glimmer of improvement in this commentary. That said, the tags still suck.
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.
America’s finest financial news source.
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.
Greg, I will not be referring to you as Tiffany from here on.
@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**
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.
@7
Speaking from experience?
@headlesshorse- try reading posts by bess levin.
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.
@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”
yeah, we read the post story when DB linked to it yesterday. thanks. also, the post beats the nyt regularly.
– rupert
actually, genius, he’s not behind on the news. this post was analysis, not news.
@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?
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.
“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.
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
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
+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
marginal improvement on the post, but you used the same punchline about 3 times.