The country's biggest bank needs a CEO, and given how well things have gone for Bank of America in recent years, some people think that some fresh blood is in order. The fresh blood, by contrast, seems to disagree.
The latest to withdraw his name from consideration for the worst job on Wall Street is Robert Kelly, who currently leads Bank of New York Mellon. Approached about moving back to his old Charlotte haunts to take the reins of old BofA, ex-Wachovia chief Bobby apparently couldn't wait to tell the approachers to go find another sucker.
Mr. Kelly has shown no interest in the job, said a person familiar with his thinking.
Welcome to the bandwagon, Kelly. You don't have what it takes to fill Ken Lewis' shoes. Your stupid firm wasted no time in returning its government bailout dollars. Ken Lewis is still swimming in BofA's $45 billion TARP pool.
Who's diving into the deep end when the big guy calls it quits at the end of the year?
BNY Mellon CEO Kelly Tells BofA: No, Thanks [WSJ]