Parsad Posted September 8, 2011 Share 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 Link to comment Share on other sites More sharing options...
Uccmal Posted September 8, 2011 Share Posted September 8, 2011 It is an excellent article! Link to comment Share on other sites More sharing options...
Junto Posted September 8, 2011 Share Posted September 8, 2011 Thanks for the article link. Definitely worth the read. Link to comment Share on other sites More sharing options...
S2S Posted September 8, 2011 Share Posted September 8, 2011 Here's a not-so-flattering view: 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. Link to comment Share on other sites More sharing options...
txlaw Posted September 8, 2011 Share 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 Link to comment Share on other sites More sharing options...
rjstc Posted September 8, 2011 Share 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 Link to comment Share on other sites More sharing options...
rranjan Posted September 8, 2011 Share 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 Author has an eye catching title but without any substance. Link to comment Share on other sites More sharing options...
Parsad Posted September 8, 2011 Author Share 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! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now