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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Why is Bank of America 'scrambling' for a successor?]]></title><link>http://www.bloggingstocks.com/2009/10/02/why-is-bank-of-america-scrambling-for-a-successor/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2009/10/02/why-is-bank-of-america-scrambling-for-a-successor/</guid><comments>http://www.bloggingstocks.com/2009/10/02/why-is-bank-of-america-scrambling-for-a-successor/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/management/" rel="tag">Management</a>, <a href="http://www.bloggingstocks.com/category/bac/" rel="tag">Bank of America (BAC)</a></p><img hspace="4" align="right" vspace="4" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/02/bac-bank-of-america-logo.jpg" />With Ken Lewis out as CEO of <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">Bank of America</a> (NYSE: <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">BAC</a>), the search for a successor isn't looking real good. <em>The Wall Street Journal</em> <a href="http://online.wsj.com/article/SB125442101196856963.html#mod=todays_us_money_and_investing">reports</a> (subscription required) that the company's board of directors is having to "Scramble to lay a succession plan." <em>The New York Times</em> <a href="http://www.nytimes.com/2009/10/02/business/02bank.html?_r=1&amp;ref=business">also chimes in that</a> "The Dec. 31 departure of Kenneth D. Lewis has left the board at Bank of America scrambling for a successor."<br /><br />Here's the problem: First, companies are always supposed to be working on succession plans because unpredictable things do happen.<p><a href="http://www.bloggingstocks.com/2009/10/02/why-is-bank-of-america-scrambling-for-a-successor/" rel="bookmark">Continue reading <em>Why is Bank of America 'scrambling' for a successor?</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2009/10/02/why-is-bank-of-america-scrambling-for-a-successor/">Why is Bank of America 'scrambling' for a successor?</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Fri, 02 Oct 2009 11:10:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2009/10/02/why-is-bank-of-america-scrambling-for-a-successor/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/19182054/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2009/10/02/why-is-bank-of-america-scrambling-for-a-successor/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>bac</category><category>featured</category><category>lewis</category><dc:creator><![CDATA[Zac Bissonnette]]></dc:creator><pubDate>Fri, 02 Oct 2009 11:10:00 EST</pubDate></item><item><title><![CDATA[More on Toilet Bowl of America's SEC settlement]]></title><link>http://www.bloggingstocks.com/2009/08/06/more-on-toilet-bowl-of-americas-sec-settlement/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2009/08/06/more-on-toilet-bowl-of-americas-sec-settlement/</guid><comments>http://www.bloggingstocks.com/2009/08/06/more-on-toilet-bowl-of-americas-sec-settlement/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/law/" rel="tag">Law</a>, <a href="http://www.bloggingstocks.com/category/bac/" rel="tag">Bank of America (BAC)</a></p><img hspace="4" align="right" vspace="4" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/02/bac-bank-of-america-logo.jpg" alt="" />As Connie Madon reported earlier today on BloggingStocks, federal district court judge Judge Jed Ratkoff declined to sign off on <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">Bank of America</a>'s (NYSE: <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">BAC</a>) settlement with the SEC.<br /><br /><a href="http://www.bloggingstocks.com/2009/08/06/judge-will-not-approve-bank-of-america-sec-settlement/">Madon wrote</a> that "The judge ruled that the $33 million fine did not give any specifics and did not specify whether or not any of the TARP monies were used in the $33 million figure."<p><a href="http://www.bloggingstocks.com/2009/08/06/more-on-toilet-bowl-of-americas-sec-settlement/" rel="bookmark">Continue reading <em>More on Toilet Bowl of America's SEC settlement</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2009/08/06/more-on-toilet-bowl-of-americas-sec-settlement/">More on Toilet Bowl of America's SEC settlement</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Thu, 06 Aug 2009 16:00:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2009/08/06/more-on-toilet-bowl-of-americas-sec-settlement/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/19121463/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2009/08/06/more-on-toilet-bowl-of-americas-sec-settlement/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>bac</category><category>fine</category><category>inthenews</category><category>lewis</category><category>sec</category><category>tarp</category><dc:creator><![CDATA[Zac Bissonnette]]></dc:creator><pubDate>Thu, 06 Aug 2009 16:00:00 EST</pubDate></item></channel></rss>
