Bank chief may decide to stay on for awhile

Australian 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

Clark will play the first Test against New Zealand
Australian skipper Ricky Ponting Sunday said Michael Clarke is a 'certain starter' for the first Test against New Zealand in Wellington Friday. [read story]
Gurshan's body brought back from Australia for cremation
Three-year-old Indian toddler Gurshan Singh's body was on Sunday brought back from Australia for cremation in a Sikh ceremony. [read story]
"We want Clarke back as quickly as possible", says Hussey
Australian batsman Mike Hussey has said that he wants team-mate Michael Clarke to return to New Zealand as soon as possible after dealing with his personal issues. [read story]
Let your baby cry itself to sleep
Mothers shouldn't lose their sleep when their baby cries, instead they should let children cry themselves to sleep, as it is apparently good, a new study claims. [read story]
92-year-old woman charged with murdering hubby, 98, in Sydney
A 92-year-old Aussie woman allegedly murdered her 98-year-old other half in Sydney. [read story]