Syd Finkelstein: Ken Lewis' Acquisition of Merrill Lynch
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Academics can always criticize and point, as they are the individuals who often don't have what it takes to succeed in the real world. It's just like ESPN commentators criticizing Tiger Woods and his shotmaking. Hindsight is 20/20, and you hold very little credibility in the financial world, Professor.
Watch the league tables - BAML's going to be up there for awhile. Who's ever heard of "Banc of America Securities" before this year anyway?
imcloaked 2 years ago
Well looks like the truth came out and Ken Lewis had a gun to his head. Welcome to communist America!!
nanerbeet 2 years ago
Ken Lewis doesn't need anyone to defend him, but in December 2008 he did attempt to use BOA's "Out" option in this Merrill Lynch deal. It was the Paulson and Bernanke that strong armed BOA to go through with the deal. Read the Wall Street Journal article dated 2/5/2009. To date neither Paulson nor Bernanke have challanged the credibility of this article.
sq1ueeze 2 years ago
This is an excellent video.
Ken Lewis made a huge mistake and felt he had abilities that he didn't have. Just because he makes $25,000,000 a year doesn't make him infallible.
Ken Lewis should resign and forfeit his salary for 2009.
Cindi3847 2 years ago