Former BofA CEO To Pay $10 Million, Is Barred From Being An Exec For 3 Years

Former BofA CEO To Pay $10 Million, Is Barred From Being An Exec For 3 Years

It’s been a long time since we’ve heard from former Bank of America CEO Ken Lewis, the acquisition-happy buffoon who thought it would be a grand idea to buy Countrywide without doing any due diligence on all those worthless loans written by the failing company. And it will be another few years before he’s allowed to climb back to the top of the corporate ladder, as he’s agreed to a 3-year ban from serving as an officer or director of any public company. [More]