Ken Lewis (executive)
From Wikipedia, the free encyclopedia
Kenneth D. "Ken" Lewis (born April 9, 1947 in Meridian, Mississippi) is the current CEO, President, and former Chairman of Bank of America, the largest bank in the United States, positions he has held since the retirement of Hugh McColl in 2001. He joined the organization (at that time NCNB) as a credit analyst in 1969, and served as the head of both international and domestic operations during his tenure at NationsBank.
He is a graduate of Georgia State University, where he earned a bachelor of arts degree in finance from J. Mack Robinson College of Business. He is also a graduate of the executive program at Stanford University.
Lewis was named "Banker of the Year" in 2001, and was the same year honored as "Top Chief Executive Officer," according to US Banker. In 2007, Lewis was listed among Time Magazine's 100 Most Influential People in the world by Time Magazine. He was again named "Banker of the Year" in 2008. He is a member of the Financial Services Roundtable and the Financial Services Forum; the Fifth District’s representative on the Federal Advisory Committee; a member of the board and the executive committee and past chairman of United Way of Central Carolinas, Inc.; a member of the Committee to Encourage Corporate Philanthropy; a director of the Homeownership Education and Counseling Institute; vice chairman of the Corporate Fund Board of The John F. Kennedy Center for the Performing Arts; and past chairman of the National Urban League.[1]
While CEO of Bank of America in 2007, Kenneth D. Lewis earned a total compensation of $20,404,009, which included a base salary of $1,500,000, a cash bonus of $4,250,000, stocks granted of $11,065,798, and options granted of $3,376,000.[2] In 2008, he earned a total compensation of $9,003,467, which included a base salary of $1,500,000, stocks granted of $4,255,012, and options granted of $2,973,330.[3]
In late 2008, he engineered the takeover of Merrill Lynch for $50 billion.
On 29 April 2009, Bank of America shareholders narrowly voted to remove Lewis from his position as Chairman of the Board of BofA, though they voted in favor of retaining him as president and CEO.[4]
[edit] References
- ^ www.bankofamerica.com
- ^ 2007 CEO Compensation for Kenneth D. Lewis, Equilar.com
- ^ 2008 CEO Compensation for Kenneth D. Lewis, Equilar.com
- ^ Lewis out as Bank of America chairman, remains CEO, Associated Press
[edit] External links
- Biography from bankofamerica.com
- USA Today profile Sept. 2008
