3/4/2009

Bank of America CEO Ken Lewis, after years of living in the shadow of a more powerful executive, rushed into the purchase of Merrill Lynch because he was desperate for a trophy, writes Sydney Finkelstein, the author of "Think Again: Why Good Leaders Make Bad Decisions and How to Keep It From Happening to You." "Why [else] would any experienced CEO who knows how to do acquisitions agree to a deal with so little information?"

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