Parsad Posted September 8, 2011 Posted September 8, 2011 Absolutely fantastic article by Bloomberg on Bank of America and its trials and tribulations. Really good! Cheers! http://www.bloomberg.com/news/2011-09-08/moynihan-tries-to-keep-bank-of-america-intact-as-mortgage-loans-fall-apart.html
Junto Posted September 8, 2011 Posted September 8, 2011 Thanks for the article link. Definitely worth the read.
S2S Posted September 8, 2011 Posted September 8, 2011 Here's a not-so-flattering view: Quote Bank of America shook up its executive ranks in what the firm euphemistically calls “de-layering.” This meaningless bit of corporate jargon - de-layering - is wonderfully ridiculous and has been woefully underused in press releases. So I’m coining a better, newer, just as meaningless but more easily grasped term in the headline: executive-level exfoliation. http://www.publicradio.org/columns/marketplace/wallstreet/2011/09/executive-level_exfoliation_at.html I'm inclined to agree with Heidi Moore's point on the personnel changes - ousting Sallie Krawcheck and Joe Price, two popular executives who have little to do with the bank's current troubles, seems like a clear power grab.
txlaw Posted September 8, 2011 Posted September 8, 2011 “Nobody sat down and said, ‘We want 63 data centers,’” Moynihan said. “We inherited 63 data centers.” He intends to get that down to the single digits. Off topic, but I'd love to see Dell help BofA out with that problem. :P
rjstc Posted September 8, 2011 Posted September 8, 2011 Bank of America CEO Moynihan proves he's on borrowed time with Buffett http://www.bizjournals.com/boston/blog/bottom_line/2011/09/moynihan-proves-hes-on-borrowed-time.html?page=all
rranjan Posted September 8, 2011 Posted September 8, 2011 On 9/8/2011 at 3:40 PM, rjstc said: Bank of America CEO Moynihan proves he's on borrowed time with Buffett http://www.bizjournals.com/boston/blog/bottom_line/2011/09/moynihan-proves-hes-on-borrowed-time.html?page=all Author has an eye catching title but without any substance.
Parsad Posted September 8, 2011 Author Posted September 8, 2011 Yeah, I agree. Put Buffett in a title right now, and you increase your readership five-fold probably. I should have called this message board...The Buffett of Buffett & Buffett! ;D Cheers!
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