BofA Shareholders Split on Successor Talks

Ken Lewis’ sudden resignation as chief executive of Bank of America left the company’s board of directors, as well as many of its shareholders, scratching their heads over whole will take the reins of the financial giant and when. Now that the company has established a variety of plans, though, a new conflict has arisen among shareholders over whether or not Bank of America’s new leader should be a BofA insider or outsider.
Lewis has spent the last eight years as CEO of the company and forty years with Bank of America in all, but his departure came as an unexpected …read more