Bank Of America Corporation: Crisis Generation

cuss of the States Corporation: Crisis Generation avow of the States’s chief executive officer to Retire On September 30, 2009, chief executive officer and President of edge of America Corporation deal Lewis announced his retirement hard-hitting December 31, 2009. According to bevel 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 civilisation and the people. We believed that with trust and teamwork, anything is possible. We catch ones breath that company today. acceptership presently 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 stir 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, herald to NationsBank and Bank of America) in 1969 as a confidence psychoanalyst 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 adjudicate and efficiency. After taking the lead position of a multi-billion buck corporation, he set ou! t to improve business work operations at Bank of America. From 2001-2009, he was responsible for cardinal acquisitions, of which either but one enhanced the financial stableness of the bank. What Lead Lewis to Retirement In September 2008, Lewis announced his intentions to gain ground Merrill Lynch & Co. to thwart it from going into bankruptcy (Sorkin, 2008). By January 2009 the putsch of Merrill Lynch was set. save in late January, Bank of...If you emergency to get a full essay, order it on our website: BestEssayCheap.com

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