Ken Lewis Loves Planes, Hates Phones
Here's another $15,000 or $20,000 down the drain for Bank of America. Shortly before John Thain resigned from BoA yesterday, he met with Ken Lewis, Bank of America's chief executive, for what was described as a 15-minute meeting. "Ken Lewis flew to New York today to talk to John," a bank spokesman explained. We also hear that Lewis arrived in NYC aboard one of the bank's private jets. A quick tip for CEOs looking to trim expenses during these recessionary times: Try using the phone every once in a while.