Bank of America job candidates advocate breaking up firm


It does not say much for the future of plans to rebuild Bank of America (BAC) that major candidates for the CEO position question the board's strategy for running the firm. Many of the bank's board members were brought in by the government, so the Treasury Department's thinking about turning B of A around is being indirectly questioned as well.

The Wall Street Journal has discovered that two of the top candidates to run B of A believe that the firm should be broken into pieces. The paper reports, "The CEO candidates who have questioned the size and scope of the financial empire built by Mr. Lewis and his predecessors include Michael O'Neill, a Citigroup Inc. director and former chief executive of Bank of Hawaii Corp."