(Art That Strikes Back!)
Bank of America CEO Ken Lewis to retire by end of the year, leaving voluntarily; bank has not decided on successor yet: report, citing sourcesReuters - 7 minutes ago------Maybe this blog is having an effect?
Someone else had a similar thought:http://clicksandpops.blogspot.com/2009/04/d-bag-tax-modest-proposal.html
A big step for BAC a small step for mankind.
McKinsey needs to be added to one of your lists. CEOs hire them when they don't know what to do, so it looks like they are doing something. When we used them at one of the companies I worked for, they gave essentially the same advice to everyone. How is that for strategy? Copy your competitor into the stupid zone....AIG Dismisses Mckinsey As Adviser - BloombergOct 1 (Reuters) - American International Group (AIG.N) dismissed consulting firm McKinsey & Co as its restructuring adviser in an effort to cut costs, according to a Bloomberg report, citing two people familiar with the matter.Bloomberg reported that McKinsey worked on a review of AIG businesses starting in March under previous Chief Executive Edward Liddy, with the objective of producing a multi-year road map, called Project Destiny, to restructure the company after the government-sponsored bailout.The company's new chief executive, Robert Benmosche plans to come up with his own vision of AIG businesses to be retained, and will rebuild them before disposing of them to repay bailout loans, according to Bloomberg.Representatives from AIG and McKinsey were not immediately available to comment. (Reporting by Biswarup Gooptu in Bangalore; Editing by Derek Caney)© Thomson Reuters 2009 All rights reserved