You might change your mind after reading this Business Week article about Ken Lewis? chances of keeping his job at Bank of America.
Writer Dean Foust explains why some in D.C. might want Lewis to leave the Charlotte-based bank:
Earlier this year, Lewis criticized the government, claiming in a now-public deposition that in late 2008 then-Treasury Secretary Henry Paulson bullied BofA into its ill-fated purchase of Merrill Lynch. “What it comes down to is the exercise of power,” says Bert Ely, a banking industry consultant in Alexandria, Va. “This may be payback.”
It?s just the latest example of the Obama administration?s love of power.
