bank-of-america-shareholder-suggests-18-names-to-replace-ken-lewis

Bank of America shareholder suggests 18 names to replace Ken Lewis

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 CEOs.

Houston-based investment management firm Finger Interests Number One, in a filing with the US Securities and Exchange Commission on Tuesday night, repeated its demand that the board of Bank of America selects an external candidate as chief executive officer.

Finger Interests once again expressed its strong views that BoA's head of consumer banking Brian Moynihan, and senior strategy officer Greg Curl, are not suitable successors for BoA chief Ken Lewis. Lewis announced on September 30 that he will step down as CEO by year-end. However, Finger Interests this time went one step further and presented a list of candidates for consideration, highlighting that the list was only indicative and not exhaustive.

Candidates...

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