Apr 30th, 2009 - Houston Chronicle
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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.
After months of rancor following Bank of America Corp.'s acquisition of troubled investment bank Merrill Lynch & Co., shareholders voted at the company's annual meeting to separate the jobs of chairman and CEO. Lewis will remain the CEO of the bank, while board member Walter E. Massey, president emeritus of Morehouse College in Atlanta, will become Bank of America chairman.
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US to Release Stress-Test Results on May 7
May 1st, 2009 - Wall Street Journal
WASHINGTON -- The Federal Reserve and Treasury Department plan to release results of their tests assessing the health of the country's 19 largest banks on Thursday, later than had been previously planned.
Angry Bank of America investors conduct a coup
Apr 30th, 2009 - Houston Chronicle
CHARLOTTE, N.C. - Kenneth Lewis was ousted as chairman of Bank of America Corp. on Wednesday after shareholders angry about the company's acquisition of Merrill Lynch & Co...
Bank of America's Lewis, Now Ex-Chairman, Must Calm Investors
Apr 29th, 2009 - Bloomberg
April 30 (Bloomberg) -- Bank of America Corp., the biggestU.S. bank by assets, picked a 16-year board veteran and academicas chairman after shareholders chased Kenneth Lewis from thepost...
Bank of America Votes to Approve Split of Chairman, CEO Duties
Apr 29th, 2009 - Bloomberg
April 29 (Bloomberg) -- Bank of America Corp. saidshareholders voted to split the duties of Chairman and ChiefExecutive Officer Kenneth Lewis after investors criticizedmanagement’s handling of the Merrill Lynch & Co...
Fed releases stress-test methodology
Apr 24th, 2009 - bizjournals
The Federal Reserve on Friday pulled back the curtain on its banking stress tests when it released the methodology behind government-mandated analyses recently completed at the nation’s 19 largest banks. Charlotte-based Bank of America Corp...
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3:45Fire CEO Ken Lewis
www.takebacktheeconomy.org While Bank of America's CEO, Ken Lewis, is calling for business as usual, taxpayers are calling for change. It's time for Bank of America to stop the policies and practices that helped crash our economy and hurts its customers with unfair fees and hidden costs.
4:18Kucinich Grills Ken Lewis on Fed Emails
Former Bank of America CEO, Ken Lewis, testified June 11, 2009 to congress about the BOA's merger with Merrill Lynch. During the hearing Rep. Dennis Kucinich, D-Ohio, challenged Lewis to be more forthcoming about his dealings with the Federal Reserve during the merger ...
6:09Rep. Welch grills Bank of America CEO Ken Lewis
Rep. Peter Welch grills Bank of America CEO Ken Lewis July 11, 2009, about whether the bank kept critical information from its shareholders about the worsening financial situation at Merrill Lynch, which Bank of America had agreed to buy.
11:00Why Ken Lewis Destroyed Bank Of America by not Invoking the MAC Clause Save Shareholder from Merrill
invoking its MAC clause and threatening to walk away from the deal, J&J was able to gain the leverage necessary to extract a On December , Lewis informed then-Treasury Secretary Henry Paulson that he was seriously considering invoking the MAC clause ...
