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: CL&P Blog

Bank of America To Pay Back Bailout Funds, Allowing It To Offer A New CEO Whatever It Wants

By Brian Wolfman

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Here's one that I missed. This Washington Post article explains that Bank of America will be the first corporate Images recipient of "extraordinary federal assistance" to pay back all of its Treasury Department bailout funds --- in BOA's case, $45 billion. The main focus of the article is that the pay-back will free BOA from government pay czar Ken Feinberg's executive compensation oversight and allow it to offer whatever it wants in trying to attract a new CEO.

Full post as published by CL&P Blog on December 05, 2009 (boomark / email).

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