Monday, October 05, 2009

Bank of America Emergency CEO?

Bank of America (BAC) is considering an emergency CEO given that Ken Lewis may suddenly get real busy with legal issues. Emergency CEO’s do not work. Look at the AIG experience. Congress just whips them for stuff they did not do. What you really want is a CEO who demands access to the corporate jet. Then you know you have the right gunslinger.

The board is still not on top of the leadership issue much less where do we go from here.