Saturday, November 21, 2009

Bank of America Committee Solution

Bank of America (BAC) is having a hard time identifying the new CEO. Who do you offer it to? Who will take it? Is there any similarity between the two lists? Why would you take it at this point? Watch for a decision to go with an Office of the CEO and perhaps three individuals trying to sit in the same chair. That way no one individual is truly responsible and the regulators and investors cannot figure out who to shoot at. This will allow some of the potential candidates to test drive. This may also allow a dark horse to come out of nowhere in the next year or so and pick up all the marbles and become firmly entrenched. Because the way it is now; this job is not worth it.