SEC Settlement May Threaten Bank of America’s CEO

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.

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Joe Jackson Makes Parenting Bid for Michael’s Kids

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.

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