Jack & Jill Politics

PBO is NOT getting rid of the unions.

rikyrah: B of A gets former “MOREHOUSE PREZ”:

+ Former Morehouse President Named to Head Bank of America

Ken Lewis has lost his role as Bank of America’s chairman, and now he’ll have to prove to shareholders that he should keep his post as the troubled bank’s CEO. After months of rancor following Bank of America Corp.’s acquisition of troubled investment bank Merrill Lynch & Co., shareholders voted at the company’s annual meeting to separate the jobs of chairman and CEO. Lewis will remain the CEO of the bank, while board member Walter E. Massey, president emeritus of Morehouse College in Atlanta, will become Bank of America chairman.

+ Walter E. Massey

Born: 5-Apr-1938
Birthplace: Hattiesburg, MS

Gender: Male
Race or Ethnicity: Black
Sexual orientation: Straight
Occupation: Business, Physicist

Nationality: United States
Executive summary: Morehouse College president, physicist

Atlanta Journal-Constitution 20-Nov-2003:

Morehouse College President Walter Massey and his wife, Shirley, tonight will have dinner with a queen, a prince and a president.

President Bush invited Massey to attend a state dinner at the U.S. ambassador's residence in London. Invited guests include Queen Elizabeth II, Prince Charles, Secretary of State Colin Powell and National Security Adviser Condoleezza Rice.

Father: Chester Massey
Mother: Essie Massey
Wife: Shirley Anne Massey
Son: Keith
Son: Eric

University: BS Mathematics and Physics, Morehouse College (1958)
University: MA, Washington University in St. Louis (1966)
University: PhD Physics, Washington University in St. Louis (1966)
Administrator: President, Morehouse College (1995-2007)

Member of the Board of Bank of America
Member of the Board of British Petroleum (1998-)
Member of the Board of Conoco
Member of the Board of Delta Airlines (2007-08)
Member of the Board of Motorola (1994-91 and 1993-)
Member of the Board of McDonald's (1998-)
American Association for the Advancement of Science President
American Philosophical Society 1991
Andrew W. Mellon Foundation Trustee
MacArthur Foundation
National Science Foundation Board of Directors (1991-93)
RAND Corporation Trustee
United Way Chicago Board

+ BofA Chairman Walter Massey is longtime educator, supporter of Lewis

Shareholders of Bank of America may have stripped Ken Lewis of his title as chairman, but the man elected to assume oversight of one of the nation’s largest commercial banks is a past supporter who some believe is likely to side with Lewis on key decisions.

The ascension of Morehouse President Emeritus Walter E. Massey to chairman came as Lewis’ responsibilities were reduced in a close shareholders’ vote. The proposal to separate the CEO and chairman jobs passed 50.3 percent to 49.7 percent, bank officials said.

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BofA’s directors then elected the 71-year-old Massey chairman.

Massey trained as a physicist and mathematician, rather than a banker, but he shares elements of Lewis’ biography as a small-town Mississippian catapulted onto the national stage.
Walter E. Massey

The African-American administrator and educator was born in Hattiesburg; Lewis, 62, in Meridian. He received his bachelor’s degree in physics and math from Morehouse College in Atlanta; Lewis graduated with a finance degree from Georgia State University.

Massey is also a longtime BofA director. He has been on the board since 1998 and is a member of its Audit Committee. Before that, he was a director of BankAmerica Corporation from 1993 to 1998.

“We are disappointed the bank did not consider a candidate outside the existing directors,” said shareholder Jon Finger, who had campaigned for the CEO-chairman split. Mr. Finger’s family owns more than 1.1 million Bank of America shares.

Others, however, pointed to Massey’s history as a tough-minded overseer who has managed complex organizations from research laboratories to universities.

“President Massey will provide strategic leadership, sound judgment and integrity for one of America’s great financial institutions,” Morehouse’s current president Robert Franklin told the Atlanta Journal-Constitution.

Lewis, meanwhile, acknowledged shareholders’ frustration over the company’s hastily-arranged $50 billion acquisition of Merrill Lynch and Co. last year.

“Our company’s shareholders have carried a heavy burden recently,” he said in a statement released by the bank. “We are doing everything within our power every day to fight through today’s adversity and drive toward tomorrow’s promise.”

Massey has been a director of several large companies besides Bank of America. He is currently a director of McDonald’s and has served on the boards of Delta Air Lines, Motorola and BP PLC.

In the early 1990s, he was appointed by President George H.W. Bush to head the National Science Foundation, an organization that led the government’s support of research and education in mathematics, science and engineering.

He then served in the No.2 administrator job at the University of California before being chosen president of Morehouse. Among his duties as provost and senior vice president was oversight of three labs that the university manages for the Department of Energy: Lawrence Livermore National Laboratory, the Lawrence Berkeley Laboratory and the Los Alamos National Laboratory.

Massey returned to Morehouse in August 1995 where he served as president until June 2007.

He has also served as a director of the Argonne National Laboratory, a vice president for research at the University of Chicago and as founding Chair of the University of Chicago Development Corp.

More recently, he was a member of the Gates Millennium Scholars Advisory Council and the National Commission on Mathematics and Science Teaching for the 21st Century.

Massey and his wife, Shirley, have two sons and three grandchildren.

BEST WISHES!! :>)

The real reason that Clinton was able to control the budget was the tax increase of Bush #1. (the increase that cost him re-election),

Clinton raised taxes more than Bush 1.

Lisa M: THANK U! FOLLOWIN' DOC's ORDERS!! :>)

AGAIN, thank U!! :>)

Damn! Who knew that just by virtue of being selected as VP Biden
became iinfallable. Unless I imagined it, this is the same Biden
Black folks wanted to give a collective beat down to last year because
of his big mouth.

NO, I don't expect him to be fired. What I expected was for him to
show some gratitude to the President for breathing political life back
into him, giving him the chance to live out his lifelong ambition at
least in part. I expect him to be a professional and recognize that
we ALL have incompetencies. And that where we lack competency,
greater effort and self-discipline must be applied. In short, I
expect a person in his position to know when to keep his damn mouth
shut! And if can't or won't (I'm damn suspect) then his public
presence should be reduced or eliminated to the point no one will miss
him when he's not on the ticket in '12.

Lastly, it's got to be killin' a lot of folks that the president's
most competent appointments have been Republicans and Hillary Clinton.

Reagan is dead – Been dead a long time!!!!!

Reagan is dead – Been dead a long time!!!!!