Breakingviews | BofA/Ken Lewis

Considered view

23 Apr 2009 22:11

Just following orders

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“Hank Paulson made me do it” is no excuse for the BofA boss’s disastrous Merrill deal. Despite government pressure to proceed, he could have renegotiated the price once Merrill’s losses became clear. Lewis’s responsibility was to shareholders – who should still show him the door.

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