Has Lewis' Time Come?
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.
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Bank of America's CEO [The Financial Times]