For all the angst on Wall Street today, BofA's famously grind-stoning Ken Lewis demonstrated his version of giddiness at today's press conference, reminding us that he's been stalking Merrill for years. And when you're dealing from a position of relative strength, and when you know exactly what you want, a nice crisis can actually be very helpful in allowing you to execute your strategy at a significant discount.
The big mistake Bank of America CEO Ken Lewis made when buying Merrill Lynch, in our opinion, was paying tens of billions of dollars for a firm that would have been worth nothing a few days later. Had Lewis waited, he could likely h... Read Post
Bank of America's sale of half its stake in China Construction Bank is a reminder of Ken Lewis' complicated legacy. Read Post
In his testimony to Andrew Cuomo, Bank of America CEO Ken Lewis said that the reason he did not tell Bank of America shareholders about Merrill Lynch's "devastating" losses prior to the closing of the Merrill acquisition was that Ha... Read Post