Lewis’s Departure Troubles BofA

Former Bank of America chief executive Ken Lewis’s sudden departure announcement has left the financial giant struggling to fill the leadership gap that Lewis left. The situation has gotten so bad that the bank’s board of directors have considered a temporary fix, plugging the gap until the board can find another qualified leader for Bank of America.
 
People familiar with the situation have hinted at several Bank of America directors’ wishes to find a replacement that would hold Lewis’s job for only two years, giving the board of directors plenty of time to find an ideal candidate for the job. According …read more