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CEO Candidates Tell Bank Of America To Break Up

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CEO Candidates Tell Bank Of America To Break Up

Business

CEO Candidates Tell Bank Of America To Break Up

CEO Candidates Tell Bank Of America To Break Up

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Bank of America has been searching for a new CEO since Ken Lewis announced that he'll resign at the end of this year. The Wall Street Journal reports that the bank hasn't been having much luck. The paper says two of the candidates interviewed so far have told directors that the bank should consider breaking itself up. But the idea has been rejected for now.

RENEE MONTAGNE, host:

Another major American corporation is looking for a CEO, or still looking. Bank of America has been searching for a new chief since Ken Lewis announced that he'll resign at the end of this year. Today, the Wall Street Journal reports that the bank hasn't been having much luck. Two of the candidates interviewed so far told directors that the bank should consider breaking itself up, and the board and its members don't like that idea, at least for now.

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