So we now know GMAC's Molina is out of consideration, and evidently so is Prudential's Demchak. It is rumored Demchak pulled himself out of contention due to government restraints on BofA: both in terms of his own compensation, and it is alluded, as regards the ongoing litigation and investigation regarding the Merrill acquisition. (There is also speculation that BofA's Moynihan is being considered. Let's check his track record: BofA GC for 7 days where his law license was inactive; and his recent total lack of believability in front of Congress. Yeah - am thinking the Board is going to pass.).
Lewis leaves in six weeks; BofA has only six weeks to name executive leadership. Sounds somewhat dire … but maybe not: Chairman Massey is currently on Holiday on a boat somewhere and was inaccessible for comment (not a joke).
Playful conjecture does suggest former Merrill CEO and currently unemployed John Thain is interested in the position, however (am pretty sure that is a joke).
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Lewis leaves in six weeks; BofA has only six weeks to name executive leadership. Sounds somewhat dire … but maybe not: Chairman Massey is currently on Holiday on a boat somewhere and was inaccessible for comment (not a joke).
Playful conjecture does suggest former Merrill CEO and currently unemployed John Thain is interested in the position, however (am pretty sure that is a joke).
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