THE BASIS POINT

Bank of New York Chief Robert Kelly May Take BofA Helm

Bloomberg reports that Bank of New York chief Robert Kelly is in talks with Bank of America to take the CEO slot from Ken Lewis. Regardless of whether Kelly takes it, it’s easy on the one hand to understand why this slot has been so hard to fill. But on the other hand, as JW wrote to us when he sent this link: “how bad could it be? even if it’s only a short-term gig (which they usually are for these CEOs), they make 8 figures per year.”