6 Quotes About BofA CEO Brian Moynihan

Brian Moynihan

Bloomberg Markets April issue has an excellent profile on Bank of America CEO Brian Moynihan.

Here's some of the things people have been saying about the bank boss:

'He has lost a lot of credibility. If we continue to see the stock crater, at some point, people are going to rise up and say, maybe we need to break this bank up, and Brian is probably not the guy to lead that'.

Paul Miller, an FBR Capital Markets Corp. analyst (August 2011)

'He learned pretty quickly that underpromising and overdelivering is the best strategy for a CEO'.

Marc Oken, Bank of America’s chief financial officer from 2004 to 2006 and now managing partner at Falfurrias Capital Partners LP, a Charlotte-based private-equity firm.

'He walked into a situation where not only was capital on the low side, it was exposed to deterioration in a way that they couldn’t afford. You get beaten up in the press, you get beaten up by regulators. You know you’re not going to see results in a week, a month or a year. It takes some guts to take on a job like that'.

Warren Buffett

'He’s one of the brightest people I’ve ever met in terms of an ability to analyze businesses, look through reams of information and reduce it to a key problem and potential solution. He had a huge impact at Fleet, and he learned every part of banking'.

Jay Sarles, a former vice chairman of Fleet

'There’s a tendency to impute much greater skill on the part of somebody like Jamie Dimon, who is very smooth, over someone like Brian. People say, ‘Oh, he doesn’t speak well, and he stumbles over his words and he’s sweating''.

'Brian certainly doesn’t show up on anyone’s list of most-admired bankers. If he’s successful, he will have a lot more stature than is now the case'.

Bill Miller, chairman of Legg Mason Capital Management

Hit the link below to access the complete Bloomberg article:

BofA Affirms Buffett Bet as Moynihan Recovers From Gaffes

 

 

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