Breaking: Bank of America CEO Ken Lewis to Step Down

Embattled Bank of America CEO Ken Lewis is leaving the company, according to insiders. This is to expected. Lewis has been at the epicenter of numerous scandals and law suits since his bank's complicated merger with Merrill Lynch. You can read a full rundown of the deal and its agonies here. No word yet on replacements, which means the most undesirable job in all of finance is now open!

Also I hope this had nothing to do with the company being sued for 1,784 billion trillion dollars. Seriously, that happened.

Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

The 86-Year-Old Farmer Who Won't Quit

A filmmaker returns to his hometown to profile his neighbor, the patriarch of a 70-acre family farm

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

The 86-Year-Old Farmer Who Won't Quit

A filmmaker returns to his hometown to profile the patriarch of a family farm

Video

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Video

Carrot: A Pitch-Perfect Satire of Tech

"It's not just a vegetable. It's what a vegetable should be."

Video

An Ingenious 360-Degree Time-Lapse

Watch the world become a cartoonishly small playground

Video

The Benefits of Living Alone on a Mountain

"You really have to love solitary time by yourself."

More in Business

Just In