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    Back to To the Point

    To the Point

    Ousted as Bank of America Chair, Ken Lewis Still in Charge

    Bank of America CEO Ken Lewis has testified that he agreed to merge with Merrill Lynch to help save the financial system, even though he knew it would be bad for some shareholders. Yesterday, shareholders struck back by stripping him of his chairmanship of the board. Despite yesterday’s rebellion, Lewis is still President and CEO.

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    By Warren Olney • May 12, 2014 • 1 min read

    Bank of America CEO Ken Lewis has testified that he agreed to merge with Merrill Lynch to help save the financial system, even though he knew it would be bad for some shareholders. Yesterday, shareholders struck back by stripping him of his chairmanship of the board. Despite yesterday’s rebellion, Lewis is still President and CEO. Walter Massey, who replaced him as chair, says Lewis has the “unanimous support” of the Board. Doug McIntyre is co-editor of 247WallStreet.com.

    The full episode

    3 of 3
    A Hard Rain's Falling for the Class of 2009
    1. 0:00Chrysler to File for Bankruptcy
    2. 7:29Congratulations, Graduate, Now Find a Job!
    3. 41:33Ousted as Bank of America Chair, Ken Lewis Still in ChargeYou’re reading this
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • KCRW placeholder

      Andrea Brody

      Senior Producer, KCRW's Life Examined and To the Point podcast

    • KCRW placeholder

      Karen Radziner

      Managing Producer, To the Point & Which Way LA?

    • KCRW placeholder

      Katie Cooper

      Producer, 'One year Later'

    • KCRW placeholder

      Douglas McIntyre

      Co-editor of 247WallSt.com

      NewsNationalPolitics

    The full episode

    3 of 3
    A Hard Rain's Falling for the Class of 2009
    1. 0:00Chrysler to File for Bankruptcy
    2. 7:29Congratulations, Graduate, Now Find a Job!
    3. 41:33Ousted as Bank of America Chair, Ken Lewis Still in ChargeYou’re reading this
    Back to To the Point