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Struggling Bank of America shakes up exec ranks

thenakedemperor Wrote: Apr 11, 2012 5:26 PM
Brian Moynihan has brilliantly stepped in as BofA’s CEO after Ken Lewis took his massive bonus and said goodbye. http://www.thenakedemperor.com/oligarch/brian-moynihan

Embattled Bank of America Corp. shook up its management ranks on Tuesday, announcing that two key officers will leave and promoting two others to share the chief operating officer role.

It's the latest effort by Brian Moynihan, the bank's CEO since early 2010, to turn around a company that was once an industry stalwart but is still struggling under the weight of toxic mortgage loans. He took over the bank after predecessor Ken Lewis stepped down amid controversy over his purchase of Merrill Lynch.

Among the changes announced late Tuesday:

_ Sallie Krawcheck, head of global wealth and investment management, is leaving. A Citigroup...

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