Dealscape today ran a piece about an IDD story on what Bank of America might do should Ken Lewis get the ax. The crus of the matter is the bak would turn to its Board of new members for Lewis’s replacement. According to the story,
IDD Magazine is reporting that BofA has a “Plan B” if the board decides to ditch CEO Kenneth Lewis. That Plan B, unsurprisingly, is to replace Lewis with one of the bank’s new board members, all of whom have banking experience.
Even a cat only has nine lives, we will just have to wait and see what happens with Lewis.
Recommended Reading – Can BofA CEO, Ken Lewis Keep His Job? Business Week
May 21, 2009
Recommended Reading – Google’s CFO Search: Why’d it take so long?
June 27, 2008
Recommended Reading – Why ‘say on pay’ won’t work, Fortune
November 16, 2009
Recommended Reading – What Makes the Best CEOs? Mergers Can Help., Deal Journal
December 22, 2008
Recommended Reading – The new fluidity between CFO and COO roles, The Deal.com
July 29, 2009
