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Search resuls for: "” Moynihan"


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NEW YORK (Reuters) - When Brian Moynihan took the reins at Bank of America Corp in 2010, the U.S. bank was reeling. Since then, Moynihan, 61, has not just righted the ship, but transformed Bank of America, leaving analysts, industry people and some investors wondering what - and who - comes next. That leaves Moynihan with a new challenge over the next few years: determining who would best replace him, and marketing that person to the world without alienating other senior executives. Yet it leaves Moynihan as the longest-tenured CEO on Wall Street who has not offered a crisp idea of who is next, analysts said. “Now that he has four or five years of runway left, investors should be rightfully saying, ‘Hmmm,’” said one former bank employee.
Persons: Brian Moynihan, Shannon Stapleton, Moynihan, , , Sydney Finkelstein, Ken Lewis, Finkelstein, “ You’re, ” Moynihan, Piper Sandler, Jeffery Harte, , ’ ”, Raul Anaya, Dean Athanasia, Cathy Bessant, Steve Boland, Alastair Borthwick, Jim DeMare, Andy Seig, PNC’s Mike Lyons, Mark Chancy, Moynihan’s, Tom Montag, Montag, Warren Buffett, ” Buffett Organizations: YORK, Bank of America Corp, Bloomberg Global Business, REUTERS, of America, Bank of America’s, Dartmouth’s Tuck School of Business, Bank of America, Wall, Bank of, Justice Department Locations: U.S, New York City , New York, Bank
My favorite Moynihan story came from Tim Russert, who was the senator’s driver in the late 1970s. One evening in New York, Russert went to pick up Moynihan at the Carlyle Hotel. Ha!” Russert paused. Moynihan was flushed from the Department of Labor, exiled to academia, ran for City Council president in New York and lost. “The antipoverty program came to be associated with the kind of bad manners and arrogance that are more the mark of the rich than the poor,” Moynihan wrote.
Persons: Moynihan, Pat, Woody Guthrie, , ” Moynihan, , Tim Russert, Russert, ” Russert, Johnson, William Julius Wilson, Nixon, America —, wouldn’t, Richard Nixon, Biden Organizations: Benjamin Franklin High School, City College, Navy, London School of Economics, Tammany Hall, Carlyle, Department of Labor, City, Black, , Society, New, Deal, Catholic, America Locations: Tulsa, Okla, Indiana, New York, New York City, Irish, Bryant Park, East Harlem, Cambridge
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