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Registered Rep. February 2, 2009 |
BofA's Lewis In Dissidents' Sights Just months ago, he was heralded as banker of the year. Now he's the target of a group of angry shareholders. |
The Motley Fool April 28, 2009 Morgan Housel |
Shakeup Looms at Bank of America Among other issues B of A investors must grapple with at their annual meeting is the fate of CEO Ken Lewis, who has been tarred and feathered after the multibillion-dollar Merrill Lynch acquisition blew up, nearly taking shareholders down with it. |
The Motley Fool January 22, 2009 Morgan Housel |
Was Bank of America Forced to Buy Merrill? Two key questions that investors want to know the answers to are when those seemingly "unexpected" Merrill losses came to light, and why the deal was still consummated after they were discovered. |
Registered Rep. January 22, 2009 |
Thain Departs BofA--An $87,000 Rug? Say It Ain't So, John! Client AUMs Fall By 30 Percent In 2008 John Thain, former CEO of Merrill Lynch and the man who engineered the sales of the storied Wall Street firm to Bank of America in September, is leaving the combined firm immediately. |
The Motley Fool April 8, 2009 Alyce Lomax |
Corporate Boards Need to Wake Up One of investors' biggest problems -- whether they know it or not -- has been a tendency toward ineffective, entrenched boards of directors that don't do their primary job, which is to look out for shareholder interests. |
Wall Street & Technology July 1, 2005 Maria Santos |
Deutsche Bank's Lehrman Moves to Merrill Ira Lehrman joined Merrill Lynch as first vice president and head of global investment banking and client technology. |
Registered Rep. October 2, 2008 |
Thain Gets a Job at Bank of America Merrill Lynch CEO John Thain has accepted an offer to be president of Global Banking, Securities and Wealth Management at Bank of America. |
Registered Rep. December 2, 2009 Halah Touryalai |
Breakup Talks Dog BofA Two Bank of America CEO candidates recently told the board of directors that the bank should consider breaking itself up. |
Registered Rep. January 26, 2009 John Aidan Byrne |
New Head, But Same Old Mission For Merrill's Retail Bank of America has named general counsel Brian Moynihan, an executive well versed in legal and business principles, to replace John Thain. |
BusinessWeek March 15, 2004 David Henry |
A Wake-Up Call From Investors CEOs are being grilled like never before in conference calls run for shareholders. |
The Motley Fool February 4, 2010 Morgan Housel |
Ken Lewis: A Fraudster, or Just Stupid? Or maybe a stupid fraudster? |
The Motley Fool April 21, 2009 Morgan Housel |
B of A's Ken Lewis: Still Mostly Clueless Maria Bartiromo asks Bank of America CEO Ken Lewis how he would prove to an upcoming shareholder meeting that Merrill Lynch won't become something that will require a 12-figure bailout by the federal government. |
The Motley Fool April 23, 2009 Matt Koppenheffer |
Conspiracy at Bank of America? News breaks that Bank of America CEO Ken Lewis was supposedly strong-armed by the government to keep mum on the losses at Merrill Lynch. |
The Motley Fool September 15, 2009 Morgan Housel |
Justice for Bank of America Shareholders Bank of America shareholders are getting some justice, and those singlehandedly responsible for transforming the bank from a world-class enterprise into a taxpayer-sucking ward are being held accountable. |
BusinessWeek May 20, 2009 Dean Foust |
Can BofA CEO Ken Lewis Keep His Job? The pressure on Bank of America Chief Executive Officer Kenneth D. Lewis is growing by the day. Officials fear Washington wants to push the CEO out. |
Registered Rep. October 1, 2008 David A. Geracioti |
The Deposit Sugar Daddy The surprising take over of Merrill Lynch by Bank of America. |
Bank Systems & Technology April 30, 2009 Maria Bruno-Britz |
Ken Lewis Remains BofA CEO for Now The Bank of America chairman was removed from his position and, although he retains the CEO title, his days may still be numbered. |
The Motley Fool February 4, 2009 Morgan Housel |
First, Fire All the Bad Bankers One thing that most see eye to eye on is that management of bailed banks should be thrown out. And why not? Most employees can be fired for showing up late, while bank CEOs are still employed after obliterating hundreds of billions of dollars in wealth. It's appalling. |
The Motley Fool April 29, 2009 Matt Koppenheffer |
B of A Needs a New CEO Ken Lewis had his crack at running Bank of America and it hasn't turned out well. Should he be shown the door? |
Registered Rep. July 30, 2009 John Churchill |
Pressure to Reign In Executive Compensation Grows New York Attorney General Andrew Cuomo released a report today on the compensation practices of the banking industry. Top on the list of concerns was the compensation structure at larger banks. |
Registered Rep. September 15, 2008 Kristen French |
Merrill Lynch Sells Itself To Bank of America: Update 3 The biggest question, now that BofA has agreed to buy Merrill Lynch, is what Bank of America will do to hold onto Merrill Lynch's dearest asset -- its approximately 17,000 financial advisors. |
The Motley Fool January 22, 2009 Morgan Housel |
Gone So Soon, John Thain? Merrill Lynch's John Thain has bowed out just weeks after selling his firm to Bank of America. |
BusinessWeek January 31, 2005 Louis Lavelle |
A Simple Way To Make Boards Behave Requiring directors to win a majority of votes would give shareholders more say. Investors at as many as 100 companies will vote on nonbinding shareholder resolutions urging those companies to adopt majority voting. |
The Motley Fool January 16, 2009 Morgan Housel |
Bank of America Needs a Regime Change After news of a $2.39 billion quarterly loss and the announcement that dividends are all but history Bank of America investors now have sincere reasons to question the capability of CEO Ken Lewis. |
The Motley Fool June 11, 2009 Morgan Housel |
Does Ben Bernanke Hate Bank of America? Did Federal Reserve Chairman Ben Bernanke unlawfully railroad Bank of America into buying Merrill Lynch? Some say yes and now point to documents subpoenaed by the House Oversight and Government Reform Committee as evidence. |
Registered Rep. February 4, 2010 Halah Touryalai |
NY AG Names Names -- Charges Ken Lewis With Fraud The New York Attorney General's office today charged Bank of America CEO Ken Lewis with fraud for failing to disclose material details about Merrill Lynch in its merger with the brokerage. |
U.S. Banker April 2010 Michael Sisk |
Boardroom Burdens Bank directors must be more hands-on than ever, exercising tighter control over management and setting strategic direction. Here are five issues that need attention now. |
Registered Rep. February 26, 2009 John Churchill |
AG Cuomo Has the Goods--What Will Come of Merrill Bonuses? Former Merrill CEO John Thain testified before the AG for the second time on Tuesday, abiding by a court order that he share the names of bonus recipients with the AG after he initially declined to do so. |
Bank Systems & Technology October 16, 2009 Maria Bruno-Britz |
No Salary, Bonus for Ken Lewis The decision was made by U.S. government pay czar Kenneth Feinberg. |
The Motley Fool October 5, 2009 Morgan Housel |
With Lewis Gone, Is Pandit Next? Citigroup's current CEO, Vikram Pandit, replaced Chuck Prince in 2007, so he can't be blamed for many of Citi's problems. But you can still argue that he should be replaced. |
Registered Rep. October 1, 2002 Glenn Curtis |
Is Merrill Lynch Headed to the Altar? Despite repeated denials by UBS CEO Marcel Ospel, there is persistent speculation that the Zurich-based bank has been preparing a formal takeover bid for Merrill Lynch. However, there are hurdles, and Merrill may stick it out alone. |
Registered Rep. August 13, 2007 Halah Touryalai |
Merrill Grabs Advisors Producing $5.5 million From Rival UBS Merrill Lynch won big last week in the aggressive industry-wide recruiting war for top advisors. |
IndustryWeek November 17, 2010 |
Board Member Today; CEO Tomorrow The number of Fortune 1000 directors who became the CEOs of the companies on whose boards they served more than doubled in the past year. |
The Motley Fool March 12, 2010 Selena Maranjian |
New CEOs, Same Old Trouble Executive turnover can be a bad sign for your holdings. |
U.S. Banker June 2006 Rebecca Sausner |
Corporate Governance: Ready, Aim and Fire: Shareholders Get Armed A fairly new proposal on the ballot at some institutions includes moves to require an advisory shareholder vote on compensation committee pay reports, with Merrill Lynch, Countrywide Financial and U.S. Bancorp facing votes on this issue. |
CFO December 1, 2007 Lori Calabro |
Look Who's Not Talking Both company directors and senior managers place a premium on strategic planning. So what keeps them from collaborating on it? |
Registered Rep. January 29, 2007 John Churchill |
Merrill Adds Another (Expensive) Piece Merrill Lynch announced plans to acquire First Republic Bank, a San Francisco-based private banking and wealth-management firm with $16.4 billion in assets under management, for $1.8 billion. |
The Motley Fool January 23, 2009 Morgan Housel |
Shame, Shame, John Thain The "take-the-money-and run-before-it's-too-late" behavior Merrill has exhibited at Thain's lead is, to say the least, appalling. |
The Motley Fool October 1, 2009 Matt Koppenheffer |
Don't Let the Door Hit You, Ken Lewis! The CEO says the end of the year will be the end of his career with Bank of America. |
Registered Rep. November 10, 2009 David A. Geracioti |
Merrill Integration Ahead of Schedule, Says Lewis An article in the New York Post claims Merrill Lynch advisors are annoyed with Bank of America's (BoA) efforts to get them to offer their clients BoA checking accounts, but Ken Lewis says that's not true. |
The Motley Fool January 15, 2009 Morgan Housel |
Bank of America Comes Back for Seconds After biting off more than it could chew with its acquisition of Merrill Lynch, Bank of America is heading back to the bailout line for a second helping. |
Bank Director 4th Quarter 2009 |
For Your Review What financial institutions directors are thinking about-the results of 2009 research by Corporate Board Member and PricewaterhouseCoopers LLP... What's ahead for banking... |
The Motley Fool January 28, 2009 Morgan Housel |
Here Comes the Pain for Thain Just days after resigning from Bank of America, former Merrill Lynch CEO John Thain has been subpoenaed by the New York Attorney General regarding $4 billion in bonuses paid just days before merging with B of A. |
Registered Rep. October 5, 2009 Kristen French |
Merrill Launches Branding Campaign; Recruiting Net Positive The new campaign Monday will cost the firm $20 million in the fourth quarter, the most Merrill has ever spent on marketing. |
The Motley Fool September 17, 2008 Alex Dumortier |
Barclays Guts Lehman Barclays announced today that it would acquire Lehman's U.S. broker-dealer subsidiary for $1.75 billion. The deal gives Barclays immediate heft in the U.S. debt and equity capital markets. |
Registered Rep. April 1, 2005 John Churchill |
Merrill Takes a Late Hit on Research Scandal An NASD arbitration panel ordered Merrill Lynch to pay more than $1 million to an investor last month for hiding conflicts of interest and issuing fraudulent research. |
The Motley Fool February 25, 2008 Alyce Lomax |
Risk, Rot, and the Road to Recovery It's high time shareholders demanded better corporate governance from boards. |
Registered Rep. November 20, 2009 David A. Geracioti |
Meet the New Boss, Literally Same as the Old Boss? Lewis to Stay at BoA? A new survey says that large shareholders and Bank of America management would prefer Ken Lewis to stay on as CEO. |
Registered Rep. February 12, 2009 |
Round Up: The Post-Congressional Roasting Scuttlebutt Deems House Committee A Rather Pointless Public Flogging In the 18th century there might have been a public flogging or a stint in the town square's pillory, but would the pre-credit-crunch world have condemned Wall Street leaders and members of Congress to the gallows? |
Wall Street & Technology May 21, 2007 Greg MacSweeney |
20 Year Wall Street Data Veteran Roseann Palmieri Joins Merrill Lynch Palmieri's career -- including 10 years at Morgan Stanley, six years at Deutsche Bank and, most recently, four years at Bank of America Securities -- has touched almost every part of the data management business. |