You know who would be a great candidate to take over for Ken Lewis at Bank of America? Alan Schwartz. Yes, he does already have a job at Guggenheim Partners, and his nights and weekends are pretty filled trying to nail hedge funds to the wall for colluding to destroy Bear Stearns. And sure, he has his drawbacks, namely that he’s no Jimmy Cayne. But man, if we could get this guy? BAC would be set (in the event someone needs to go on CNBC and state with a straight face that the firm is awash with liquidty). The Boston Globe seriously reports:
Several former CEOs of other large banks have also been named [as possible candidates to succeed Ken Lewis]: Alan Schwartz from Bear Stearns Cos., Robert Steel from Wachovia, and Jerry Grundhofer from US Bancorp. Another top name is American Express Co. president Alfred Kelly, who is leaving the company next spring after concluding he would not become AMEX’s chief executive in the near term.
Car chase, cnn. That’s it for me. Good night.
Bess – Serious question (2part): Do you ever take offense to the massive amount of Greg bashing, and if so, do you actually like Greg?
@2 I take offense to off-topic comments left on my post. Come here focused or don’t come at all.
@2 – You got knocked the fuck out!
smokey
I broke dis story.
-cg
Personally I would go with whoever wins The Ruins. If that wont be a big enough splash for BAC shareholders Spencer Pratt is another great option.
I thought we agreed that telecommuting was “gay” and that we should just say “work from home.”
- tele, uh, work from home.
He’ll always be a little dog compared to Papa Goose here… now pass me that Goddamn pack of Swishers.
-Jimmay
How would you describe his nose?
Kozlowski wouldn’t do. Not after that exense memo.
You know else would make a great CEO? Jamie Dimon.
He looks so regal in that pic.
Okay, for serious: what the fuck is with BAC board dudes/dudettes refusing to grant remote access in the 7-Eleven off Rt. 9? Hospitable environment, client-friendly, smoking is permissible (four2o), and snacks/slurpees are accessible at every whim.
-Cheeto-Finger Beanbag Analyst (i.e., Jimmy “Puff, Puff, Give” Cayne)
HBS, setting the bar: “a CEO who doesn’t understand credit is going to be at a serious disadvantage [but by no means disqualified].”
Did you hear that posters # 1, 2, 3, and 4…stay focused on BAC and why Alan Schwartz is well qualified to represent the B. A. C.
He does have good leadership qualities…the intangibles, like, really really intangible.
I thought it was conclusively established that Charlie G. took down Bear. If Schwartz thinks otherwise, I would really question his candidacy.
@Bess
Nice dodge.
It’s amusing how these guys keep getting recylced back into the game.
Mark me interested assuming I wouldn’t actually be expected to do anything.
~Bob Rubin
mcc working it hard today
What douche holds his chin that way?
This is Outrageous!! A BAC over 4.0 would kill you. I know because I am a doctor. And I am outraged. These bankers are stealing from us again. Goldman is behind it – congresswoman Waters agrees with me.
Vote for me for president.
-Mark Klein, MD
This is Outrageous!! A BAC over 4.0 would kill you. I know because I am a doctor. And I am outraged. These bankers are stealing from us again. Goldman is behind it – congresswoman Waters agrees with me.
Vote for me for president.
-Mark Klein, MD
Bess,
You forgot “impossible is nothing” in the tag.
@23 thanks guy from 2007
One day after Chaz and I had finished shredding pecs in the office, I mentioned to him some potential lateral moves for me.
B of A needs someone who can lie with a perfectly straight face and blame everyone – the Martians, if need be – for its years of mistakes and corner-cutting. Schwartz would be perfect. Besides, he has such a bad reputation with regulators that the Bank could blame every new regulatory action on the vindictiveness of the the regulators. Schwartz is the man.