Fresno Bankruptcy Attorney Update: 

“Good Morning, Bank of America Customer Service, May I Help You?”

Recent news out of Bank of America reveals that it CEO, Ken Lewis. annouced his resignation/retirement to take effect at the end of the year.

Is this a surprising news? Not really when you view the current state of this huge institution’s problems, including the rejection of a mutual settlement of a lawsuit iwth the Securities and Exchange Commission regarding the BILLIONS of dollars given away in year end bonus during the middle of its financial meltdown. 

We recently reported on Bank of America’s grass roots problems with its customers revolting from paying higher interest on credit cards forced upon its customers.

CEO Lewis, 62, has worked for Bank of America and its predeceasors for over 40 years will walk away with over $68 million in retirement and stock.  Since his retirement benefits and stock accured over the course of his employment, I personally don’t have much to say on this Flavor Flav size “gold watch”. other than good exit strategy in your “golden” years.