Kenneth Lewis’ days as chief executive of Bank of America may finally be numbered. Observers and investors say a settlement with the Securities and Exchange Commission may ultimately cost Lewis the top job at the nation’s largest bank. On Monday, the bank agreed to pay $33 million to settle Securities and Exchange Commission charges that Lewis and other executives misled the bank’s investors prior to its $50 billion purchase last year of brokerage firm Merrill Lynch.
While his role as the driving force in the Jackson family success has never been in question, father Joe Jackson’s parenting especially with Michael has long been a subject of scrutiny and controversy. So it’s all the more surprising that the driven patriarch is now working to forge a larger role for himself in the lives of Michael’s three children.