Is Bank of America's Tom Montag Going to Oust Brian Moynihan? |
| CNBC.com - Sep 1, 2011 |
If you dropped in on any of the usual Wall Street watering holes or eateries Wednesday night, you would have almost surely heard guys with well-pressed, open-collared shirts talking about Bank of America's Tom Montag.
Montag is the former Goldman Sachs executive who was recently named co-chief operating officer of Bank of America [BAC 7.34 -0.14 (-1.87%) ], along with David Darnell. Montag has a reputation as an extremely smart, ambitious, and wily executive. And everyone on Wall Street thinks he's going to take Brian Moynihan's job.
(That's an exaggeration, of course. Not "everyone" thinks that. I certainly didn't actually talk to everyone. And, certainly, the spokespeople will deny any such thing would ever happen. But it's an exaggeration with a point: This is as close to a universal opinion I've ever heard from Wall Streeters.)
Read Full Article from CNBC.com
- Posted: 2011-09-08 11:34:55
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