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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
Its founder and CEO Jeff Bezos has steered the company from infancy to global supremacy with a personal slogan of "step ferociously." After he predicted that ecommerce was about to take off, Bezos founded Amazon as an online book retailer in 1994. According to the man himself, the value that "surprises people" is Amazon's fourth leadership principle: "are right, a lot." "No PowerPoints are used inside of Amazon," Bezos has said. Bezos still runs elements of Amazon like a startup, such as being notoriously frugal when it comes to company expenses.
Persons: Jeff Bezos, Steve Jobs, ecommerce, Bezos, Sydney Finkelstein, Finkelstein, Forbes, they're, , Greg Greeley, Greeley, George W, Franklin Foer, it's Organizations: Apple, Microsoft, Brands, Amazon, Origin, Washington Post, Dartmouth University, Business, University of, Amazon Prime, Forbes, New York Times, Bush, Seattle, Amazon Web Services, Walmart Locations: Seattle, Airbnb, ecommerce
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