For three years, Daniel Herrmann, 38, worked in customer service for Merrill Lynch and then Bank of America after BoA acquired Merrill Lynch in January 2010. He said he was fired on Sept. 20, 2010 for being one to two minutes late from his lunch breakCurious why nearly 4 years ago to the day Ben Bernanke and Hank Paulson told Ken Lewis to purchase Merrill Lynch "or else" (but to make sure everyone gets paid their bonuses bright and early with no cuts)? It certainly hadMasayuki Kichikawa, an economist at Bank of America-Merrill Lynch, characterized the BOJ's move as a “pleasant surprise.” The central bank had not been expected to ease policy until late October. Recent weak economic data and pressure from politiciansThe reductions for the final six months of the year, outlined in a document given to top management, are part of a larger effort to retool Bank of America into a leaner and more focused enterprise. The plan is designed to makeThe math is very crude. The Wall Street Journal reports that Bank of America Corp. (NYSE: BAC), still desperate to turn itself around, will fire 16000 people this year. Compare that to the 100000 jobs a month, on average, that
Related External LinksReport: Bank of America to speed job cuts | wishtv.comBank Of America Planning To Cut 16,000 Jobs By Year EndBank Of America To Fire 16,000 By Year End |
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