Bank of America (NYSE:BAC) will reportedly announce a new CEO this week according to a Wall Street Journal reporter. Of the list of potential candidates, Robert Kelly of Bank of New York, is cited to be at the top of the list. Other possible candidates include Gregory Curl, Chief Risk Officer at Bank of America, and Brian Moynihan, President and Small-Business Banking.
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Kelly claims that he was first approached by the bank in October following Kenneth Lewis’ announcement to leave the company earlier than planned. Although Kelly wasn’t initially interested in the offer, he may be more interested now that the company’s executive compensation has been under control. The company recently repaid its $45 billion of government money via the Troubled Asset Relief Program enabling it to offer more pay to its executives.
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