Off With His (Morphed) Head

Lugo, Denise
January 2005
Investment Dealers' Digest;1/24/2005, Vol. 71 Issue 3, p4
Trade Publication
The article focuses on the recent firing of Banc of America Securities LLC's high-yield research head Andrew Susser, along with principal and senior publisher Joel Krasner. According to sources, chief executive officer Ken Lewis fired Susser. The firings stunned many inside and outside the firm because Susser was a top-ranked analyst who apparently had no history of shenanigans. Observers say that Banc of America Securities could easily have taken a far less drastic measure such as asking Susser to apologize or waiting to see customer reaction before making a move.


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