Why did Ken Lewis leave Bank of America?
Analysts cited the Countrywide acquisition further exacerbated by the Merrill Lynch acquisition, large credit losses at the bank’s core operations, and the investment banking industry where Lewis was a novice as reasons why Lewis stepped down. Lewis’ full pension benefits totaled $53 million.
Who is cfo of franklin templeton?
Matthew Nicholls
Matthew Nicholls is executive vice president and chief financial officer of Franklin Resources, Inc. Mr.
Who is Ken Lewis?
Ken Lewis net worth and salary: Ken Lewis is an American businessman who has a net worth of $65 million dollars. Kenneth D. Lewis was born in Walnut Grove, Mississippi in April 1947. He is best known for being the former CEO, President, and Chairman of Bank of America.
Who was CEO before brian moynihan?
He was named CEO of Merrill Lynch after its sale to BoA in September 2008, and became the CEO of Bank of America after Ken Lewis stepped down in 2010. On August 25, 2011, CNBC’s Drew Sandholm noted that “[d]espite having recently told investors Bank of America …
Where is Ken Lewis now?
Now: Retired Since retiring from Bank of America in late 2009 shortly after angry shareholders voted to take away his chairman title, Lewis has largely stayed on the sidelines. Recently, he joined the board of a movie production company that is attempting to make BofA’s hometown of Charlotte, N.C. a movie hub.
When did Ken Lewis leave Bank of America?
2009
Lewis left the bank in 2009, while the bank settled an investor suit for $2.43 billion in 2012 over claims that it mislead its shareholders about the financial health of Merrill Lynch, it also settled with the Securities and Exchange Commission in 2010 for $150 million over failing to disclose information about Merrill …
What banks did Bank of America buy?
As the global financial crisis emerged in 2008, numerous institutions began to struggle, notably Countrywide Financial, the largest American mortgage lender, and Merrill Lynch & Co., Inc. That year Bank of America bought both companies, and the acquisitions proved costly.
Who was CEO of Merrill Lynch in 2008?
John Thain
When John Thain became Merrill Lynch’s CEO in early 2008, he hired Michael S. Smith Design to revamp his office suite, spending approximately $1.22 million according to documents.
Who is the CEO of Franklin Templeton?
Jennifer M. Johnson (Feb 11, 2020–)Franklin Templeton Investments / CEO
How old is Jenny Johnson Templeton?
How old is Jennifer Johnson? Jennifer Johnson is 55, she’s been the President, Principal Executive Officer, and Chief Operating Officer of Franklin Resources since 2020.