Bank of America Having Trouble Finding a CEO Who Wants to Work for Nothing


It’s been more than a month since CEO Ken Lewis resigned, but despite the high unemployment rate no one is really responding to Bank of America’s “Help Wanted” ad, probably because it reads: “High-profile, low-status position; duties include regular visits to Congress, overseeing 243,000 nervous and angry employees, managing the expectations of upset mothers as well as potential death threats from the populace, and, oh yeah, very low compensation with possibility of clawbacks.” [WSJ]