I presume it’s not a surprise to anyone that Bank of America is having some difficulties in getting its preferred candidate to take the CEO job, given that any compensation package is subject to review by President Obama’s czar-operative, Kenneth Feinberg. [URL]
The scary part is that they will find someone to take it. They might even find someone who is adequate enough to do the job. But it will be someone who is politically compromised, and/or willing to become politically compromised. Sort of like we’ve seen with General Motors.