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Posted

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.

 

Posted

“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

Posted

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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