Why did Bank of America Corp. fire its general counsel last December in the middle of a controversial merger? According to sources, GC Tim Mayopoulos was called out of a meeting and into the office of then-chief risk officer Amy Brinkley, who fired Mayopoulos on the spot and had him escorted from the building without giving a reason. It wasn't performance-related, says corporate spokesman Robert Stickler, and it wasn't related "to any advice he was giving on the Merrill Lynch merger." Then why?
September 11, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Why did Bank of America Corp. fire its general counsel last December in the middle of a controversial merger?
It wasn’t performance related, says corporate spokesman Robert Stickler, responding to Tuesday’s news reports revealing the firing. And it wasn’t related “to any advice he was giving on the Merrill Lynch merger,” Stickler adds.
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