Sunday, February 8, 2009

How much damage can Ken Lewis still do?


Article and video interview of Bank of America CEO here.

Ken Lewis offers no mea culpa for overpaying for Merrill Lynch.
What was the rush to buy it at that price the interviewer asked. Oh, other people wanted to buy it ! Great.

And worse: he states he will not need more TARP money.

How long will he stay CEO ?
How much damage can he still do to BoA shareholder´s and taxpayers?

He did not see anything coming. How is he supposed the know the next problems?

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