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	<title>BU Now &#187; James Post</title>
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		<title>BofA CEO Lewis resigning</title>
		<link>http://blogs.bu.edu/bunow/2009/10/01/bofa-ceo-lewis-resigning/</link>
		<comments>http://blogs.bu.edu/bunow/2009/10/01/bofa-ceo-lewis-resigning/#comments</comments>
		<pubDate>Thu, 01 Oct 2009 15:52:01 +0000</pubDate>
		<dc:creator>Dick Taffe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[James Post]]></category>
		<category><![CDATA[Ken Lewis]]></category>
		<category><![CDATA[Merrill Lynch]]></category>

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		<description><![CDATA[After months of legal scrutiny of Bank of America&#8217;s takeover of Merrill Lynch, BofA CEO Ken Lewis says he&#8217;ll step down at year&#8217;s end.  School of Management Professor James Post, an authority on corporate governance and business ethics, says the momentous changes that Lewis orchestrated left BofA vulnerable and Lewis himself personally accountable. &#8220;What brought [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-3662" src="http://blogs.bu.edu/bunow/files/2009/10/lewis-300x220.jpg" alt="lewis" width="300" height="220" />After months of legal scrutiny of Bank of America&#8217;s takeover of Merrill Lynch, BofA CEO Ken Lewis says he&#8217;ll <a title="step down" href="http://online.wsj.com/article/SB125434715693053835.html?mod=WSJ_hps_LEFTWhatsNews" target="_blank">step down </a>at year&#8217;s end.  School of Management Professor <a title="James Post" href="http://smgnet.bu.edu/mgmt_new/profiles/PostJames.html" target="_blank">James Post</a>, an authority on corporate governance and business ethics, says the momentous changes that Lewis orchestrated left BofA vulnerable and Lewis himself personally accountable.</p>
<p><em>&#8220;What brought Lewis to this decision is the complex interplay of leadership, governance, and accountability.&#8221;</em></p>
<p>Contact James Post, 617-353-4162, <a href="mailto:jepost@bu.edu">jepost@bu.edu</a></p>
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