Bank of America exec stripped of his role

Bank of America exec stripped of his role after death of Green Beret employee who worked 100 hours per week according to Daily Mail

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4 Comments

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Analyst 1 in Private Credit

2y

Full (misleading) article by the post: https://nypost.com/2024/10/21/business/boss-of-bank-of-america-worker-w…;

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PE

Associate 1 in PE - Other

2y

Most Helpful

Highly misleading article and low quality journalism trying to connect two unrelated facts for sensationalism, they should be ashamed.

BofA decided to merge its FinTech team (previously part of FIG) into its Tech team (part of TMT) because FinTech these days is closer to software than traditional, asset-heavy financial institutions
This means that Gary Howe (Co-Head of FIG at BofA) does not oversee FinTech anymore
The article somehow tries to claim that this is a punishment for Leo Lukenas' death, whereas in reality this is just a team structure reshuffle in which Gary Howe is loosely involved

You don't hate journalists enough. You think you do, but you don't.

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Authored by: Certified Investment Banking Professional - PartnerCertified Investment Banking Pro

PE

VP in PE - LBOs

2y

Oh, I thought they were just moving him to EGRC lol

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Authored by: Certified Private Equity Professional - Vice PresidentCertified Private Equity Pro

UFOinsider

CO

2y

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Bank of America exec stripped of his role

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Bank of America exec stripped of his role

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