Bank of America CEO Has Done a Great Job Except for That One Thing


Newly independent analyst Meredith Whitney defended Bank of America CEO Ken Lewis, who has been under fire for his $18.5 billion acquisition of Merrill Lynch, which proceeded to lose $15.8 billion, today. So he made “one major mistake acquisition,” she told reporters. Other than that, he’s doing a “great job.” Well. We suppose everyone’s allowed one mistake. [Bloomberg]