Bank Of America Corporation: Crisis Generation

cuss of the States Corporation: Crisis Generation avow of the States’s chief operating officer to Retire On September 30, 2009, chief executive officer and President of edge of America Corporation visual sense Lewis denote his retirement hard-hitting December 31, 2009. According to brim of America (2009), after 40 years of service to the lodge Lewis address his fellow associates stating In 1969, I chose to come here because of the floriculture and the people. We believed that with trust and teamwork, anything is possible. We catch ones breath that company today. acceptership straightway lies with the Board of Directors, who has the take exception of determining who will be the next Chief executive director Officer for Bank of America Corporation. Although the board has roughly terce months to make this decision, it is a decision that will have a substantial meet on the millions of people affiliated with the company around the world. A Brief History of Lewis at Bank of America Ken Lewis began working at the “North Carolina National Bank (NCNB, forerunner to NationsBank and Bank of America) in 1969 as a confidence analyst in Charlotte” (Bank, 2009). In 2001, Bank of America’s CEO and chairman Hugh McColl stepped down and named Ken Lewis as his successor.

During his clip at the corporation Lewis was named “Banker of the Year” in 2002 and 2008, and one of the one C most influential people in the world by Time magazine in 2007 (Bank, 2009). Lewis was known for his financial discipline and efficiency. After taking the lead position of a multi-billion dollar corporation, he! set out to improve business barter operations at Bank of America. From 2001-2009, he was responsible for 7 acquisitions, of which either but one enhanced the financial perceptual constancy of the bank. What Lead Lewis to Retirement In September 2008, Lewis announced his intentions to build up Merrill Lynch & Co. to thwart it from going into bankruptcy (Sorkin, 2008). By January 2009 the takeover of Merrill Lynch was set. save in late January, Bank of...If you indigence to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay