It’s official, Ken Lewis, Bank of America’s embattled CEO announced his planned resignation for the end of the year. Lewis in a letter to Bank of America employees explained his reasons for resigning. The letter included in the WSJ’s Deal Journal stated that Lewis’ decision to resign was his alone and that he was not pressured to do so. Whatever the reason, his planned exit is the end of a sad chapter at the bank and hopefully the beginning of a new era for the bank, an unlikely scenario at this point.
The important issue now is for the board to find a new CEO who can help to restore confidence in the bank and its future.
CEO Watch – Ken Lewis, Bank of America Update #3
March 27, 2009
CEO Watch – Ken Lewis, Bank of America Update #3 (Revision)
March 27, 2009
CEO Watch – Ken Lewis, Bank of America Update #4
March 31, 2009
CEO Watch – Ken Lewis, Bank of America Update #6
April 29, 2009
CEO Watch – Ken Lewis, Bank of America Update 7
September 23, 2009
