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Legal Commentary
: Economics of ContemptKen Lewis to meet with Thain on "his future"
By Anonymous
Apparently Ken Lewis has had enough. I don't blame him. From Bloomberg:
Bank of America Corp. Chief Executive Officer Kenneth Lewis will hold an emergency meeting today with John Thain to discuss Thain?s future with the firm, a person familiar with the matter said.Good riddance.Thain, 53, the former CEO of Merrill Lynch & Co., is under pressure after Merrill reported a $15.4 billion fourth-quarter loss and Bank of America was forced to return to the government for a new funding package. Thain spent $1.2 million to redecorate his office at New York-based Merrill, CNBC reported today.
Full post as published by Economics of Contempt on January 22, 2009 (boomark / email).
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