The mortgage mess continues to affect employees of Bank of America. According to a recent article in the Charlotte Observer, 3500 employees can expect to lose their jobs in the next few weeks. By fall, the number might be upwards of 10,000. Now, BofA employs over 280,000 people, and with the recent poor performance of [...]
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A few weeks ago I wrote about the scary possibility that BofA’s search for a new CEO could take the financial institution’s headquarters out of Charlotte. After Wachovia’s acquisition by California based Wells Fargo, the Queen City could have been dealt a two-punch economic combination that might have been painful, to say the least. Looks like [...]
The news this morning about the search for CEO of Bank of America reminded me of the Pace Salsa commercial of a few years back, where cowboys sitting around the campfire discover that the brand of salsa the cook was offering was actually made in New York City. Their response was, and I quote, “Git [...] |
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