The senior management shake-up at Bank of America could put one of its new co-chief operating officers, Thomas K. Montag, in a position to possibly succeed Brian T. Moynihan as CEO. "Moynihan knows he’s in the line of fire, he’ll do everything he can to save the bank," said Greg Donaldson, chairman of Donaldson Capital Management. "If for some reason he’s gunned down, he knows he has to have an heir apparent. Montag is a winner, a guy bringing dollars to the bottom line, and it would be hard for the board to throw him out, should the time come."

Full Story:

Related Summaries