What to make of Bank of America CEO Ken Lewis? He was honored not too long ago as the Banker of Year by the American Banker. But then he cropped up on a list of vulnerable CEOs, along with Citi CEO Vikram Pandit.

Portoflio notes: "It's true that boards don't care about awards, they care about share price. And Bank of America, at $10 a share and trading on a price-to-book ratio of just 0.38, is shaky indeed. But Lewis isn't just CEO, he's also the chairman of the board, which makes his ouster that much harder." This sort of talk is all very premature, but it's fair to say he really bet his career on two deals: Countrywide and Merrill Lynch. If either one of them really blows up, it will be more than enough to tarnish his legacy and prompt board action.

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