Bank of Americaâs Chief Makes Big Bet
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Kenneth D. Lewis has gambled on bold acquisitions, but  few of his bets match a deal to buy Countrywide Financial Corporation.
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Shares in Barclays  raced to a record high as speculation mounted that Bank of America  could bid for the UK bank, even though its outgoing chairman sold shares to signal no approach had been made.
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Morgan Stanley gave its chief executive, John Mack, the biggest bonus for the head of a Wall Street firm ever, awarding him $40 million as the company headed for the best profit in its 71-year history.
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Chad Gifford, one of Boston's most visible business leaders, said yesterday he would retire as chairman of Bank of America Corp. , just one year after selling the region's largest bank to executives in North Carolina.
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Nearly a year after agreeing to buy FleetBoston Financial Corp., Bank of America Corp. has found it still has a lot of explaining to do in New England.
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Bank of America Corp.  on  Friday said it awarded Chief Executive Kenneth Lewis $11.07  million of restricted stock as part of his compensation for  2006, when the No. 2 U.S. bank's profit rose 28 percent to a  record.
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William C. Van Faasen, chief executive of Blue Cross and Blue Shield of Massachusetts, earned $2.4 million last year, once again making him far and away the highest paid head of any of the state's big health insurers.
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The differing financial styles of Bank of America and MBNA come together, and, mostly, it works.
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Knight Vinke Asset Management, which has a track record of initiating change at large companies, has found its latest target in Europeâs biggest bank.
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The chairman and chief executive of credit card issuer Capital One Financial , Richard D. Fairbank, was the most highly paid executive at a Washington area public company last year with total compensation of $37.4 million.
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Managing risk within a bank is not just a matter of relying on internal processes but also requires taking the right decisions at the top of the company, Citigroup  Chairman Win Bischoff said on Tuesday.
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Bank of America Corp. Chief Executive Officer Kenneth Lewis is running afoul of Massachusetts politicians as he slashes jobs to increase earnings following his $48 billion purchase of FleetBoston Financial Corp.
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By Christine Harper  Morgan Stanley gave its chief executive, John Mack, the biggest bonus ever for the head of a Wall Street firm, awarding him $40 million as the company headed for the best profit in its 71-year history. Mack, 62, was granted stock valued at $36.2 million as of Dec.
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Bank of America Corp.  said on Monday it completed its $3.3 billion purchase of the U.S. Trust business from Charles Schwab Corp. , and is defying analyst concern that it would have trouble retaining many of U.S. Trust's ultra-wealthy clients.
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William B. Maag spent weeks meeting Sovereign Bancorp executives at obscure suburban restaurants, taking phone calls on the sly, and hashing out a business proposal at a country club near the New Hampshire border. While his colleagues at FleetBoston Financial Corp. vied for new jobs at Bank of America Corp. after the banks' merger, Maag realized early on that the ...
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Ken Lewis, chief executive of Bank of America Corp., stands by job promises made to Massachusetts officials before BofA bought FleetBoston Financial Corp.
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The company said the move was part of its ongoing integration of FleetBoston Financial, which it bought last year. Bank of America, the largest retail bank in the US, said the cuts would not violate any job