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In Wake Of GM Ouster, Unions Demand Obama Fire Bank Of America CEO

by: Greg Sargent  |  The Plum Line

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Andy Stern is expected to publicly call for Tim Geithner to fire Bank of America CEO Ken Lewis. (Photo: chrisryanphoto.com)

    The major unions are grabbing onto the ouster of General Motors chief Rick Wagoner to launch a campaign to pressure the Obama administration to engineer a similar axing of Bank of America CEO Ken Lewis.

    The game plan: To capitalize on the odd disparity in treatment of the two industries to intensify populist rage at major corporations. The idea is to make the political environment much tougher for wavering Senators who might want to side with corporations against labor on the Employee Free Choice Act - and, tacitly, to keep up public pressure on the White House to aggressively side with workers in the fight.

    Later this morning, Change to Win and SEIU - headed by Andy Stern - will publicly call for Tim Geithner to fire Lewis in an email to its membership:

    I have a story for you.

    Two CEOs lead two large public companies that start sinking, putting thousands out of work and toppling the American economy. Both CEOs accepted billions in taxpayer dollars to sustain their companies, but both failed to stop their companies' downward spirals.

    One CEO - GM's Rick Wagoner - got his pink slip from President Obama this morning. The other - Bank of America's Ken Lewis - accepted bailout funds while continuing to fleece consumers and taxpayers.

    It's time for the Obama Administration to show the door to CEO Ken Lewis in order for real reform to take hold at Bank of America.

    The unions think the firing of Wagoner, and the growing sense that Bank of America has been given a pass, have given them an opening to intensify efforts to shift the political environment their way and make it politically toxic for Senators to side with Wall Street corporations. Says one labor official: "The message to Senators is, 'Are you with us, or are you with them?'"

  

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spring 2007= high BOA Dallas

spring 2007= high BOA Dallas TX executive:" we are the smartest guys in the room..go after senior citizens, any healthcare related busines, insurance, industry, especially with the usa or state government, and this includes their employees...I want their money".

BOA's attempted "fleece" of

BOA's attempted "fleece" of this writer consisted of holding one penny in an account requested to be closed and then sending a bill for a $4.99 "service charge" for said penny (eventually corrected after complaint). Sock it to this CEO! Greed and exploitation are the name of their game.

Bank of America, Citibank,

Bank of America, Citibank, Goldman Sachs, AIG, the list goes on of who got a pass. But I think Obama's administration has already demonstrated who is really important to them--and it's not the unions. I've asked my elected reps to back the Employee Free Choice Act & I haven't heard back from them & I doubt, even though they're listed as Dems, that they'll vote for it. I think it's fascism & gov't by large corporation in the US.

BOA (and several other

BOA (and several other prominent Wall Street firms) took the TARP money because the Treasury forced them to do so. This is public information. Get your facts straight! BOA is not even close to going under. You want to target a failing, high profile TARP recipient, you need to attack Citicorp.