Mike Mayo asked BM on the earnings call about succession planning… ie when are you going to hit the road?
With the stock down sharply, the AML fine, and the widening HTM losses, seems like this is more than enough for the Board to push him out.
7 replies (most recent on top)
I love MM, thanks for asking Mike
@OP As often as hes on TV, seems like he’s interviewing for his next gig
They won't do bull.
@c8 if I could do it any faster I would...
@c8 It is like a college football coach. Winning seasons for several years, and then a losing season. It is not like the coach is not competent. It is just the behavior is not with the times, and it is time to go. Maybe a bad analogy, but another topic for my day. For BM, BofA needs a change and he needs to step down and start his next chapter.
HTM losses... lol. They arent losses. They are drags on profitability at worst. The stock is in prime buying territory.
I hope Brian stays on. His leadership, while imperfect, has been rock steady for the company.
I am sure you folks here will downvote me. But I hold a ton of the shares, I'm up like hundreds of percent, and I plan on buying more as long as he's at the helm. I'm guessing the people here sell as soon as it vests, lol.
Push out? Let's strap him to a Falcon 9 and light the candle.