
Will he or won't he? Be fired? Lose BofA chairmanship? Be kicked off the Board? From Dealbreaker, There's Going To Be a Showdown in Charlotte
After what's felt like months of discussing whether or not Ken Lewis should be canned from Bank of America, shareholders are finally getting their big moment today, at the firm's annual investor meeting.
Things are scheduled to get going later this morning, but ahead of the main event, SEIU is reiterating its message to, among other things, throw 2008's Banker of The Year out on his ass.* That truck's been circling BAC's corporate headquarters for the last hour.
*Meaning whether or not to re-elect Lewis to the board, but no one ever said they couldn't see him out of the building Fresh Prince-style.
12:26 Update: Lewis now says he was kidding about that stuff he said about Paulson and Bernanke coercing him.
11:45 am Update: CNBC is currently polling that 55% of viewers responding to their survey want him fired. To those 55% I ask, remember what happened to Wachovia when the Board showed Thompson the door?
That being said, I don't think Lewis will be removed from the Board (see my earlier post), perhaps he'll lose his Chairmanship. BofA is struggling mightily, and will continue to do so into the foreseeable future. An outright firing of Lewis now could be its death blow.



