Kenneth Lewis
Kenneth Lewis (born April 9, 1947 in Meridian , Mississippi ) is an American manager .
Lewis was seven years old when his parents separated. During school he supported his single mother with odd jobs. Lewis then studied economics at Georgia State University and graduated in 1969 with a bachelor's degree. He then started as a credit analyst at the North Carolina National Bank , headquartered in Charlotte, North Carolina , which later renamed itself to NationsBank and became the largest bank in the United States, Bank of America , through the purchase of BankAmerica in 1998 . Lewis spent several career stages in corporate and retail banking at the institute before becoming Chief Operating Officer of Bank of America in 1999 . In 2001 he also took over the position of CEO, succeeding Hugh McColl . In 2005 Lewis became chairman .
Until 2010, Lewis was President and CEO of Bank of America. For his expansive corporate policy in 2008, when he was responsible for the approximately 50 billion US dollar takeover of the investment bank Merrill Lynch and the mortgage financier Countrywide by Bank of America, he initially earned approval; for example, he was named Banker of the Year 2008 by American Banker magazine . Since January 2009, however, there have been calls for resignation against Lewis. One of the allegations from the shareholders' side is that at the time of the general meeting in early December 2008 (at which the takeover of Merrill Lynch could still have been prevented), Lewis was already benefiting from the high losses of Merrill Lynch in the fourth quarter of 2008 of around 15 billion. Dollar should have known.
The outgoing bank manager will receive around € 80 million as a severance payment. However, Lewis has to forego his base salary of $ 1.5 million and a bonus payment. This is the first time that President Obama's appointed salary controller Kenneth Feinberg has been deployed.
Individual evidence
- ↑ FAZ: China's banks are doing best in the crisis
- ↑ See source Der Des-Integrator .
- ↑ Bank of America boss receives up to 120 million dollars in parting
swell
- Nicole Bastian : The dis-integrator . Handelsblatt dated January 28, 2009, p. 23.
Web links
| personal data | |
|---|---|
| SURNAME | Lewis, Kenneth |
| BRIEF DESCRIPTION | American manager |
| DATE OF BIRTH | April 9, 1947 |
| PLACE OF BIRTH | Meridian , Mississippi |