Bank of America CEO Ken Lewis has been canned from the chairman position, but will remain CEO. Calls for Lewis to resign in shame and go cry alone with his money have been getting louder over the past few months. Ken Lewis is keeping his job, well, more or less. Ken Lewis will no longer have his position as Chairman of the Board of Bank of America. Granted, this doesn't mean he'll worry about cash advances ever again; he's still CEO of Bank of America. He had come under fire from shareholders and the general public, largely from the acquisition of Merrill Lynch last year which left B of A holding the bag absorbing billions in Merrill Lynch's bad debt. Despite the controversy, the shareholder's meeting involved board elections, and not a single board member was ousted. Bank of America still got billions in installment loans from the government, under the stewardship of Ken Lewis.
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