Management Turnover as Change Agent

Wednesday, October 7, 2009

Recommended Reading - Bank of America's top pick for a new CEO? The one who created this mess, BloggingStocks

Zac Bissonnette, a frequent contributor to, wrote a spot on piece on the possibility (mentioned by the WSJ and Atlanta Business Chronicle) that Bank of America may select Gregory Curl, the bank’s chief risk officer, as an interim CEO. The interim CEO would serve until a permanent replacement is found for Ken Lewis upon his retirement. What is the bank (the board) thinking? This is the kind of trial balloon that should never happen. Curl was the chief risk officer at the time of the ill-fated Merrill acquisition. Stay tuned.

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