Ken Lewis: Ka-Ching!


Break out the Boone's, ladies-- it's party time in Charlotte. Remember those BAC shares Ken Lewis bought in January? The Bank of Amerillwide chief made a nice $2.5 million paper profit (or 500,000 bottles of Strawberry Hill) on the 400,000 votes of confidence, according to Bloomberg, which the newswire helpfully points out is "more than his $1.5 million salary in 2008, when Lewis got no bonus for running Bank of America." Twelve other top managers also did okay for themselves on 640,000 shares bought for as little as $3.78, having made over $4 million among them.
Not faring as well was former Countrywide chief-cum-Bank of America make-up artist Angelo Mozilo, who lost money intended to go toward legal fees playing the slots.


Ken Lewis Is A Movie Producer Now*

If it feels like it's been forever since we've heard from Ken Lewis it's because it has. Following his retirement in 2009, the former Bank of America CEO went underground to do some soul-searching. To figure out what made Kenneth D. Lewis tick. Did he want to want to be a CEO of another company? Did he want to get involved in another industry entirely? Did he want to grow a beard again? Did he want to be a shepherd? These are the questions that needed answers and today, finally, we've got some. No word on the beard but it appears that for now, Lewis is staying away from Wall Street and pursuing another passion: the movie business.