New Bank of America CEO Named (Charlotte: homes, to live in, moving)

[Chromekitty]

Bank of America names retail banking head Brian Moynihan as new CEO effective Jan. 1.



Just got this in a breaking news email.....

[am2]

I heard. The B of A spokesman says that the his office will be in CLT and the bank will remain headquartered here.

[Carolina Blue]

Originally Posted by am2

I heard. The B of A spokesman says that the his office will be in CLT and the bank will remain headquartered here.

And that will be the least used CEO office in all the history of CEO offices, LOL!!! No seriously, this is good news, but as I've said in other threads, at the end of the day it really wouldn't have mattered if the headquarters moved. What's important are the jobs, and the bulk of those will stay in Charlotte regardless of where the bank gets its mail. But this is good to hear

[chicagocubs]

Too bad they didn't go with Bob Kelley

[lumbollo]

There was already speculation on the news a few days ago by the pundits that if they picked him or one of the other insiders, it was because they couldn't get anyone else and it would be more like interim CEO.

[anifani821]

Originally Posted by Carolina Blue

And that will be the least used CEO office in all the history of CEO offices, LOL!!! No seriously, this is good news, but as I've said in other threads, at the end of the day it really wouldn't have mattered if the headquarters moved. What's important are the jobs, and the bulk of those will stay in Charlotte regardless of where the bank gets its mail. But this is good to hear

You called that one right . . . I have only had concern for the jobs, too and felt they would not be uprooting all those folks or dumping people to relocate the headquarters.

Of course, corporations often don't rock the boat when announcements are first made . . . they wait 18 to 24 or more months to make any other big changes. However, again, as long as the majority of jobs remain . . . who cares if the headquarters is here or not (well, economic development people care, I suppose, and it seems Charlotte leaders have their egos all wrapped up in having CLT designated as a major banking center, etc. etc).

In any case . . . hope this works out well for all the BofA employees and for Charlotte, as BofA's "host city."

[Whytewulf]

I think this will work, and I have a feeling, there may even be something in his contract about working more in Charlotte.

[stefansanity]

Originally Posted by Whytewulf

I think this will work, and I have a feeling, there may even be something in his contract about working more in Charlotte.

Me to I recieved some inside information saying that the man was from Boston and that orginally he had plans of moving HQ's to Boston but I am not sure if this happens to be a coencidence or this is the real deal, but in the confrence he said that he was going to keep HQ's in Charlotte and that he would relocate to Charlotte himself.

Either way I just hope that what he said is true.

[chicagomichauds]

CEO can continue to live in Boston but commute daily or weekly. Lots of people do it who have fewer $$ resources or reasons. He could even have 2 homes: one here and one in Boston.

[jordysmama]

Originally Posted by Whytewulf

I think this will work, and I have a feeling, there may even be something in his contract about working more in Charlotte.

I agree, in fact I would bet on it.