07 October 2009

Unfortunate Headline


OK, I get it Ken Lewis is gone in a few months, and the race is on to replace him, but the use of this phrase also implies an unsavory, and illegal practice, front-running.

I would not be surprised if, "Chief Risk Officer Greg Curl and Head of Retail Operations Brian Moynihan," or for that matter if another widely reported contestant for the position, Sallie Krawcheck, head of BoA's global wealth and investment management division, had engaged in, or are engaging in, such behavior, but the headline is...How to put it...Odd.

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