Wednesday, April 29, 2009

Lewis out as chairman, still Bank of America CEO

In a follow up to a customer of posts I made in the last week, Bank of America CEO Kenneth Lewis has is no the longer chairman of America's largest bank.

The dramatic decline in BofA's stock values, and the handling of the Merrill-Lynch merger, is what led to Lewis' demotion of sorts.

It appears that the call by the Service Employees International Union for Lewis to be fired did not figure into the bank's decision.

Related post:

SEIU wants Bank of America CEO fired

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