Haute Living San Francisco Jan/Feb 2012
Bank of America Announces New CEO
by Alison Agudo

At the start of 2010 there will be a new CEO of Bank of America after a two-and-a-half month search. Former CEO Kenneth D. Lewis’ successor has just been announced by the bank in a statement released to the public.

Bank of America has been searching for a new company executive since late September and according to a statement released to the public they have just found their man.

Brian T. Moynihan, Bank of America’s current head of consumer and small-business will be taking over for Kenneth Lewis as the company’s CEO at the start of 2010. For Bank of America, the decision was largely centered around who could help the bank make a new start. The bank issued a statement through its chairman, Walter E. Massey, saying, “Brian’s wide range of experience, his relationships inside and outside of the company, and his demonstrated ability to understand business dynamics and effect constructive change made him the best person for the position.”

The long awaited announcement ends “one of the industry’s most closely watched successions in recent memory.” Then bank looked at potential CEO’s both inside and outside the company before settling with Moynihan, who now faces the unenviable task of guiding Bank of America back to its post-bailout path towards the future. The $45 billion bailout which the bank received during the low-point of the economic crisis has now been paid back in full by the bank.

Source

Dec 17, 2009 1:33 PM
Read 0 Times
Related Posts
La La Vasquez Anthony, wife of Haute Living New York's current cover star and Knick Forward Carmelo Anthony, announced that she will be starting he own makeup line.
by Haley Friedlich, Jan 6, 2012 7:02 PM
 
Bow Wow spent a second night at The Bank Nightclub at Bellagio for the nightclub’s popular Sunday night party and the Pole-a-palooza contest event, back by popular demand. 
by Susan Stapleton, photos courtesy of The Light Group, Jan 17, 2012 3:59 AM
 
Just in time for the holidays, LG officially announced their new sleek and stylish LG Prada 3.0 handset. The LG Prada 3.0 is the third phone to join the elite Prada handset collection, since the very first touch screen LG Prada that debuted in 2007. Despite, prior LG Prada handsets, the LG Android h...
by Laura Yarborough, Dec 16, 2011 10:39 PM
 
Miami welcomes a lounge to “The New Downtown Miami” that blends nostalgic qualities from cabarets of the past with an ambiance that is ultramodern and sophisticated. The Bank is located in the historic 8,000 square foot venue known as the Dade Commonwealth Building, which was once the Meyer-Kise...
by Regina Arriola, Nov 8, 2011 4:12 AM
 
Rock The Vote took over The Bank Nightclub at the Bellagio for Perez Hilton’s Broken Heart Ball Saturday night.
by Susan Stapleton, photos courtesy of the Light Group, Feb 14, 2012 5:52 AM
 
Goldman Sachs is considered Wall Street’s premier trading firm, yet they are planning to outsource their traders, sales people and investment bankers to Singapore and India because of the Dodd-Frank financial “reform” law.
by Ashley Butler, Jul 6, 2011 4:02 AM
 
Who would have thought the acquisition Audi made of Lamborghini in 1998 would benefit Audi as much as it has?
by Julia Jacobo, Feb 7, 2012 12:23 AM
 
The Tribeca Grand announced that they will begin offering Happy Hour at the Church Bar. It will be held on weekdays from 4-7pm
by Haley Friedlich, Jan 10, 2012 12:16 PM
 
Wyclef Jean put on a show last night at The Bank Nightclub at the Bellagio. 
by Susan Stapleton, photos courtesy of The Light Group, Jan 24, 2012 7:59 AM
 
One of Dubai's favorite boutiques, Soirée recently announced the opening of its Essa boutique in Dubai. Local designer of Indian origin, Essa is known for hiscolorful traditional kaftans made with a contemporary twist. He often incorporates such materials as chiffons, found vintage fabrics, silk an...
by Rebecca Anne Proctor, Aug 22, 2011 7:42 PM
 
 
 
CURATORS
 
TOP 5
 
San Francisco Jan/Feb 2012
 
HAUTE 100
"Jersey Shore" star Jenni "JWoww" Farley, took a vacation from the wintry East Coast weather and mad...
 
HAUTE SECRETS
Wendy Williams is a former 20 plus year radio veteran and now is the host of the successful daytime ...
© HAUTE MEDIA GROUP 2011