Paying Big Bonuses Exposes Wall Street’s CEO Succession Failure

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Published in Bloomberg January 27, 2010 by Lisa Kassenaar

Eight days before Christmas, Kenneth D. Lewis took the stage for his last public act as chief executive officer of Bank of America Corp. Hundreds of his workers watched from red velvet seats in Charlotte, North Carolina’s McGlohon Theater, a former Baptist church with tall stained-glass windows and a Byzantine dome.

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