Breaking: Bank of America CEO Ken Lewis to Step Down

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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.

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

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