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Bank of America CEO faces shareholders
Bank of America CEO Ken Lewis took his turn before his shareholders. The questions were a bit shrill apparently, but he and his directors, like their big bank peers, managed to survive. Not that survival really was ever in doubt for any of the the top execs and directors. Still, the tone of annual meetings this year was a bit more pointed. A gadfly termed the Countrywide deal "junk" and a "piece of trash" and begged Lewis to cancel it, but that was about it for fireworks. Lewis, of course, defended the deal. But it's clear that if he can't make it work, the questions will only get tougher. It's fair to say he has bet the farm--and his reputation--on Countrywide.
For more:
- here's an article from bizjournals
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