Bank chief may decide to stay on for awhile

The Las Vegas News.Net
Saturday 21st November, 2009

Bank of America Corp Chief Executive Kenneth Lewis has said he will consider postponing his retirement.

According to the Wall Street Journal, he has reassured directors that they will be able to take their time in finding a successor.

Lewis had planned to leave the bank on December 31st, but it is known there has been some difficulty in finding a replacement.

He has said he would be willing to stay at the Charlotte, North Carolina-based bank while the names of various internal and external candidates are considered and vetted, acting as a bridge until a successor is found.

Email this story to a friend

Have your say on this story

Top Stories

Major overhaul of bushfire response plan following report
A royal commission which heard testimony from more than 400 people has found Australia's system for responding to bushfires deficient and has called for major changes. [read story]
Military to supply fuel to Greece as strike continues
The Greek government has announced that the military will step in to supply fuel to critical sectors of the economy to ease the pressure created by a crippling lorry driver strike. [read story]
Wikileaks editor says national security concern is a deflection
Julian Assange denies his Web site is responsible for any extra blood spilled in Iraq or Afghanistan, calling on the US government to provide proof of such claims. [read story]
King of Saudi Arabia and president of Syria call for unity in Lebanon
The leaders of Saudi Arabia and Syria, both major regional powers, have visited Lebanon to throw their support behind the fractured unity government. [read story]
Boy shoots playmate with gun left on kitchen table
A young boy accidentally shot dead his friend after playing with unattended gun in Indianapolis. [read story]