Management Turnover as Change Agent

Tuesday, June 23, 2009

Recommended reading - Who could replace BofA's Ken Lewis?, Dealscape

Dealscape today ran a piece about an IDD story on what Bank of America might do should Ken Lewis get the ax. The crus of the matter is the bak would turn to its Board of new members for Lewis’s replacement. According to the story,

IDD Magazine is reporting that BofA has a “Plan B” if the board decides to ditch CEO Kenneth Lewis. That Plan B, unsurprisingly, is to replace Lewis with one of the bank’s new board members, all of whom have banking experience.

Even a cat only has nine lives, we will just have to wait and see.

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