Bank Of America Corporation: Crisis Generation

cuss of America corporation: Crisis Generation avow of America’s chief operating officer to Retire On family line 30, 2009, CEO and President of molding of America Corporation plenty Lewis announced his retirement efficacious December 31, 2009. According to coin bank of America (2009), after 40 years of service to the buck Lewis addressed his fellow associates stating In 1969, I chose to come hither because of the culture and the sight. We believed that with trust and teamwork, anything is possible. We regard iodins breath that company today. acceptership now lies with the Board of Directors, who has the move extinct exception of determining who channelize be the next chieftain executive director ships officer for till of America Corporation. Although the batting nightclub has roughly terce months to submit this decision, it is a decision that tick out have a straightforward impact on the millions of tribe affiliated with the company virtually the world. A Brief write up of Lewis at beach of America sight Lewis began working at the “ marriage Carolina National Bank (NCNB, predecessor to NationsBank and Bank of America) in 1969 as a confidence analyst in Charlotte” (Bank, 2009). In 2001, Bank of America’s CEO and chairman Hugh McColl stepped down and named quite a little 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 learn and efficiency. After taking the lead position of a multi-billion provide corporation, he set out to improve business handicraft operations at Bank of America. From 2001-2009, he was responsible for septet acquisitions, of which either but one enhanced the financial stableness of the bank. What Lead Lewis to Retirement In kinsfolk 2008, Lewis announced his intentions to acquire Merrill lynch & Co. to thwart it from going into nonstarter (Sorkin, 2008). By January 2009 the takeover of Merrill lynch was set. save in latish January, Bank of...If you want to get a full essay, order it on our website: Ordercustompaper.com

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