Tag: ken lewis

Bank of America, Ken Lewis and Joe Price face a law suit related to the Merrill Lynch merger, while Goldman Sachs pays each of its head honchos a $9 million bonus for 2009. Bank of America Merrill Lynch raises $19.3 billion through a share sale as part of a plan to repay its Tarp funding and extricate itself from government controls. Finger Interests, a large shareholder in Bank of America Merrill Lynch, has pressed the case for an external candidate to replace Ken Lewis, and has even suggested 18 potential ... Bank of America Merrill Lynch CEO Ken Lewis will retire by year-end. An August reorganisation flagged Sallie Krawcheck, Brian Moynihan and Tom Montag as possible successors, ... Decision-makers at Bank of America were influenced by regulators to let the merger proceed with the resultant impact on BoA seemingly not a key consideration. Proxy advisory agencies and a large Bank of America investor advise shareholders to hold the chairman and CEO responsible for going ahead with the Merrill merger. The former Merrill CEO resigns after a meeting with BoA chairman Kenneth Lewis and following bonus revelations.