Thu, Apr 23rd, 2009
SAN FRANCISCO (MarketWatch) -- The government threatened to oust Bank of America Chief Executive Ken Lewis if the giant lender didn't go through with its acquisition of struggling investment bank Merrill Lynch, according to the results of an investigation by New York Attorney General Andrew Cuomo released Thursday.
Hank Paulson, Treasury Secretary at the time, told Lewis that the management and board of directors of Bank of America may be removed if the deal wasn't closed, Cuomo said in a letter summarizing his findings to regulators and legislators.
Related stories from top sites:
Lewis out as Bank of America chairman, remains CEO
Apr 24th, 2009 - Houston Chronicle
CHARLOTTE, N.C. — Ken Lewis has lost his role as Bank of America's chairman, and now he'll have to prove to shareholders that he should keep his post as the troubled bank's CEO.
US Lawmakers Want Answers On Bank of America Issue
Apr 24th, 2009 - CNNMoney
WASHINGTON -(Dow Jones)- U.S. lawmakers continue to seek answers about whetherthe Treasury Department and Federal Reserve pressured Bank of America Corp. (BAC) CEO Ken...
US Sen Dodd: Hearings May Be Needed On BofA Lewis's Claims
Apr 24th, 2009 - CNNMoney
WASHINGTON -(Dow Jones)- Senate Banking Committee Chairman Christopher Dodd,D-Ct., said Monday there may be a need for Congress to investigate allegationsmade by Bank of American Corp...
Chrysler to File for Bankruptcy?
Apr 24th, 2009 - Wall Street Journal
Chrysler Bankruptcy? Chrysler may file for bankruptcy-law protection even if it reaches a deal with lenders or forges an alliance with Fiat by the Treasury-set Thursday deadline.
The Waterboarding Of Ken Lewis
Apr 24th, 2009 - TIME
Coercion and the use of force have been part of the American character since settlers started moving West at the end of the 18th Century. Gentility is not usually an acceptable approach to settling differences in the United States...
Related videos from YouTube:
- A conversation with Kenneth...Visit UCLA Anderson School of Management www.anderson.ucla.edu Click here for more Distinguished Speaker Videos from UCLA Anderson School of Management www.anderson.ucla.edu
- Thomas Moran, Chairman,...Thomas Moran, Chairman, President and CEO of Mutual of America, Chairman of Concern Worldwide US Global Irish Economic Forum, Blog. Saturday 19th September 2009
- American Electric Power Chairman...American Electric Power's Mike Morris believes that solid ideas taken together, like those put forth by T. Boone Pickens and other particpants of the National Clean Energy Project, could finally ...
- Bank of America Chairman Ousted...Bank of America shareholders stripped Kenneth D. Lewis of his chairman's title on Wednesday while allowing him to remain president and chief executive, a vote that may mark the beginning of the end of his leadership at the embattled bank ...
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