New Jersey Gov. Jon Corzine has not even vacated his office in Trenton yet, and the chatter about his next gig is reaching new levels on the blogosphere.
Dealscape suggested on Wednesday he's likely to return to Wall Street but stopped short of suggesting specific firms -- other than not Goldman Sachs Group Inc. (NYSE:GS) where he was CEO. However, other bloggers were not so restrained. One of the more popular rumors started at
Dealbreaker, which eventually spilled over into the mainstream press via
The Wall Street Journal's Overheard column, is the idea of Corzine taking the helm of Bank of America Corp. (NYSE:BAC) from outgoing CEO Ken Lewis.
Taking the helm of a bank that is entwined with the U.S. government because of continued involvement in the Treasury's Troubled Asset Relief Program seems like a natural idea given Corzine's ties with the Obama administration.
However, the discourse in local New Jersey media continues to point to Corzine's political aspirations remaining intact. Wednesday, Dealscape suggested Corzine might seek a return to the U.S. Senate in 2014 when Sen. Frank Lautenberg would likely retire at the age of 90. If Corzine were to take the helm of BofA, the bank would likely see its CEO's office residing in New York (an
oft-talked about possibility because of other candidates), so as to allow Corzine to keep his New Jersey residency and political aspirations in place.
But does BofA really want a CEO who could bolt in four years? -
Matthew Wurtzel
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