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Entries tagged "Lewis"GMAC board troubles BofA's CEO searchGMAC's ouster of CEO Alvaro de Molina does not bode well for his candidacy to succeed Bank of America's CEO Ken Lewis. Could Gifford resurface at BofA?With the government pressuring Bank of America to shake up management, one of the directors sitting on a committee to review change is dealmaker Charles K. Gifford. BofA's Lewis to stay; shareholders reactBank of America shareholders react to news that CEO Ken Lewis and the board were re-elected, but another vote that would split Lewis' roles is still being tallied. The correct thinking on Bank of America and lifeSome thoughts on Bank of America Corp. (NYSE:BAC) CEO Ken Lewis' forced no-disclosure matter concerning the Merrill Lynch purchase. Lewis and Einhorn on how to fix the financial systemIn Sunday's New York Times, the unlikely duo of Michael Lewis, financial chronicler-turned-sportswriter, and short seller and provocateur David Einhorn (pictured) co-author a sweeping overview of what went wrong with Wall Street and how to fix it. There's a lot to recommend here (there's simply a lot here: The Times gave it two full pages), particularly if you belong to the party that doesn't believe that short sellers created the mess in the first place, which means the party of sanity. The pair are particularly good on the mechanism of bubble inflation, using the futile attempts of Harry Markopolos to... What's Thain's future anyway?On Wednesday afternoon, CNBC hosted a roundtable debate among various staff including Charles Gasparino, Dennis Kneale and Michelle Caruso-Cabrera. The subject: the kerfuffle surrounding Merrill Lynch & Co. CEO John Thain's bonus request. Although it devolved into a shouting match between the three over who was responsible for the Bank of America Corp. deal (with Gasparino arguing Thain's lieutenant Greg Fleming was responsible and others disagreeing) the most intriguing part of the conversation concerned Thain's future at BofA. ... Sign of the Apocalypse: Ken Lewis, Banker of the YearBank of America Corp. CEO Ken Lewis received the title Banker of the Year -- the second time American Banker bestowed the honor on him -- despite his bank's flagging shares and the overall industry's distress. As a matter of fact, just issuing awards to bankers amid the worst credit crisis and banking panic since the Great Depression seems odd. Then again, we're talking about banking, an industry in which executives thought it was perfectly fine to take bonuses even as they were taking government welfare. On the bright side, American Banker had the good sense to ask FDIC Chairman... Why Lewis, and not Dimon for Banker of the Year?Trade publication American Banker has announced its Banker of the Year, and on Dec. 4 Bank of America Corp. CEO Ken Lewis (pictured) will formally accept the honor (for the second time) at an awards gala at the Plaza Hotel. Might this cause some folks to roll their eyes? Likely since, after all, Lewis was the same guy who had the audacity to appear on "60 Minutes" last week and tell Leslie Stahl it was his patriotic duty to take an investment from Treasury Department. Since one of American Banker's reasons for choosing Lewis, who first won the award... Today's J.P. Morgan candidate? Jamie DimonEarlier in the week, I picked apart a New York Times story comparing investor Warren Buffett to financier J. Pierpont Morgan Sr. Maybe the Times could have made a better case that Jamie Dimon, the latter-day chief of the House of Morgan's successor bank, J.P. Morgan Chase & Co., is his true heir -- at least that's the impression given by The Wall Street Journal, CNBC and various bloggers. ... BofA explains Thain's new roleTwo weeks after Bank of America Corp. stunned Wall Street with the $50 billion takeover of Merrill Lynch & Co., the banks have clarified what role Merrill CEO John Thain will play after the merger is complete. ... Can Merrill and Lehman call a Mulligan?What a difference a few days make. In the week after the federal government took over Fannie Mae and Feddie Mac, the markets pounded Lehman Brothers Holdings Inc., sending it into bankruptcy. Seeing the writing on the wall, Merrill Lynch & Co. CEO John Thain partnered up with Ken Lewis' Bank of America Corp. to avoid the same fate. The markets then turned their attention to the remaining investment banks, Morgan Stanley and Goldman, Sachs & Co., which both took a beating for three days until the government finally got serious about addressing the crisis. Now, the fog is clearing,... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Lewis." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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