Report: BNY/Mellon's chief talking to Bank of America about CEO job

Charlotte ObserverDecember 11, 2009 

Bank of New York Mellon Corp. chief executive Bob Kelly is talking to Bank of America Corp. about replacing departing chief executive Ken Lewis, the Wall Street Journal reported today.

Kelly has told his own board of directors that he's in discussions with the Charlotte bank, the paper said, citing people familiar with the matter. The bank had talked to Kelly previously, but he had spurned the bank's advances, even sending a memo to top lieutenants saying that he wasn't interested.

A Bank of New York spokesman on Friday told the Observer that the bank wasn't commenting.

Lewis, CEO since 2001, said in September that he was stepping down at year's end. Since then, a board search committee has been looking at internal and external candidates. The bank's repayment of $45 billion in government aid likely makes the job more attractive to outsiders because the bank now won't face extensive restrictions on compensation.

Read the complete story at

McClatchy Washington Bureau is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service