Mergers, Acquisitions, Venture Capital, Hedge Funds – DealBook Blog –

Bank of America’s chief executive, Kenneth D. Lewis, is joining the growing ranks of top banking executives who are giving up their annual bonuses after a dreadful year in the financial industry.

Mr. Lewis told Bank of America employees in an e-mail on Tuesday that he had recommended to the company’s board that he and other senior executives receive no bonuses for 2008. He said he expected the board to accept the recommendation.

Mr. Lewis’s decision comes less than a week after Citigroup’s chief executive, Vikram S. Pandit, said he and the bank’s chairman, Winfried F. W. Bischoff, would forgo their bonuses and slash the amounts paid to other senior executives by at least 40 percent.

via Mergers, Acquisitions, Venture Capital, Hedge Funds – DealBook Blog –


About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at:

Posted on January 7, 2009, in Bank Stocks, Financial Markets, US and tagged , . Bookmark the permalink. 1 Comment.

  1. Thanks for you post. Very interesting. I have a few posts on the topic, in case you are interested.

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