Tag:
Hot Seat
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Latest Headlines
Bank of America board on the grill
The board of Bank of America finds itself in a tough spot. Do they support CEO Ken Lewis, named the Banker of the Year not too long ago, who is suddenly on the hot seat for a series of missteps regarding Merrill Lynch? Or do they jettison him? It's not considered a board beholden to Lewis.
The
Really, Ken Lewis on the hot seat?
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 car
On the hot seat: Merrill Lynch's John Thain
When John Thain took the top job at Merrill Lynch, we noted that he seemed to be the right man at the right time. With his Goldman Sachs pedigree and NYSE success, there were plenty of people who agreed. But things have changed. The New York Times notes that the firm has lost money four quarte
