The Balance Sheet: The Kenny D. Lewis Edition
Published: Oct 01, 2009
Number of years that Ken Lewis (Bank of America's CEO who will step down at the end of this year) has worked at BofA: 40
Lewis’s age in years: 62
Highest per-share price of BofA stock under Lewis’ tenure: $54.85
Lowest: $3.14
Today’s close: $16.21
Amount BofA agreed to pay to settle a shareholder suit (a settlement that was later overturned) regarding bonuses paid to Merrill executives: $33 million
Amount of the Merrill bonuses in question: $3.6 billion
Merrill Lynch’s losses in 2008: $27 billion
Its losses in the fourth quarter 2008: $15 billion
Pension benefits Ken Lewis stands to collect from BofA: $53.2 million
Compensation Lewis has earned over the past three years: $63 million
Amount of that Lewis made last year: $10 million
Amount BofA received from the U.S. government under its Troubled Asset Relief Program (and has yet to repay): $45 billion
Amount BofA spent on acquisitions since Lewis became chief executive: $130 billion
BofA’s assets when Lewis became CEO in 2001: $642 billion
Assets as of July 2009: $2.25 trillion