Bank of America’s next step forward
Bank of America has an enviable track record in making acquisitions work under Ken Lewis’s leadership. The successful integration since purchase of Fleet in 2004 for around $50 billion, and that of MBNA for about $35 billion in 2005, should make shareholders comfortable and competitors nervous about the impact of the US Trust and LaSalle takeovers.
"We have an excellent team of individuals that drive our success in buying and integrating businesses," says Lewis. But it goes beyond that. "I spend more time talking about culture and values than anything else. If people accept those, then...
