Workflow
Bank of America may be looking to drop longtime CEO Brian Moynihan
BACBank of America(BAC) New York Post·2024-10-19 18:51

On the face of it, Wall Street seems to like Bank of America CEO Brian Moynihan. Last week, the nation’s second-biggest bank said its earnings fell less than expected, and the media portrayed it as a victory. The stock went up. Ask analysts and investors, and there’s a vague consensus: Hey, the CEO has been there for 15 years. Let the board grant his wish: Let him run the place for five more — until he’s 70. Inside, however, the troops are getting restless, and for plenty of reasons. Culturally, Moynihan is ...