Ken Lewis is gone


No surprise but dramatic nonetheless – Ken Lewis is gone as Chairman – the writing is on the wall for him. Unfortunately he did himself no favours, showing up in Washington looking more like a bling bling movie star, but he was also American Banker’s banker of the year just a few months ago. He left the shareholders no choice today. How quickly the world changes ……  being chief of a bank ain’t what it was! New York Times breaking news Bank of America shareholders stripped Kenneth D. Lewis of his chairman’s title on Wednesday while allowing him to remain … Continue reading Ken Lewis is gone

Ken Lewis – where are you getting your political advice?


Building on a post the other day about BofA, you might think its time to single out Ken Lewis here and his apparent inability to read the obvious.  [hat tip Paul]. It has been two weeks since those incredibly painful hearings with the House Finance Committee where no-one could doubt that corporate jets are the political hot potato of the day, right behind bonuses being paid by government bailout money. Well this piece adds visuals with the rented bling-mobile after a ride on one of the most expensive corporate jets in existence.  Add the almost $4bn in bonuses referred to … Continue reading Ken Lewis – where are you getting your political advice?