Bank Of America CEO Resigns

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Vol 45 Issue 41

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Personal Finance

Bank Of America CEO Resigns

Once heralded as a shrewd innovator, embattled CEO Ken Lewis is now leaving Bank Of America. Here are some key missteps from the past 18 months that have cast a pall over his tenure:

  • Thought bank had so much more money than it actually did
  • Accidentally set the Canton, OH branch on fire during a visit
  • Mailed out millions of checks that incorrectly read "Bank of Armenia"
  • Problems involving banks, America
  • Caught placing cameras in Bank of America's women's locker room
  • Bank of America cash registers consistently $10 short on his shift
  • Idea to have ATMs beep incessantly has driven away tens of thousands of irritated customers
  • Worldwide economic collapse
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