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Photo: Bank of America
—>Glassdoor released its report of the 50 lowest-rated CEOs as determined by employee reviews on its site. I scractched out all the companies you don't care about and ended up with this list of the 10 Crappiest CEOs (of consumer-facing compaines) (according to their employees)... More »
—>Ken Lewis is probably a little bummed out that he will no longer be the CEO of Bank of America — but how sad can he be with a $53 million pension? More »
—>Bank of America CEO Ken Lewis resigned yesterday after becoming a lightning rod for criticism after his controversial takeover of Merril Lynch. Even though BoA has appeared in our Worst Company in America contests each year, it's kind of sad because his office had a good record of solving our reader's problems they sent in to the executive office. Too bad that ethos couldn't have flowed downhill more. More »
—>This story combines two immutable laws of nature in a surprising twist: that executives don't always know what their front-line employees are doing, and that airline employees don't give a f*ck who you are and will call the police if you annoy them. More »
—>New York Attorney General Andrew Cuomo's office is gathering information in order to file fraud charges against some BoA executives over what they knew, and what they hid, when they acquired Merrill Lynch & Co. a year ago. Earlier this week, his office subpoenaed 5 board members to find out "what they knew regarding the mounting losses and bonus payments at Merrill before the deal closed on Jan. 1 and what role they played in deciding whether to disclose that information to shareholders," according to the Associated Press. More »
—>The merger between Merrill Lynch and Bank of America was sold to us as a marriage made in heaven that would save the financial system. It wasn't, and it didn't. Now Frontline takes a closer look at the now-infamous debacle that cost tax payers billions — and CEO Ken Lewis his chairmanship. More »
