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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Oct.08
5:49 PM ET
Thursday, 8 Oct 2009

UPDATE: Next BofA CEO: The Very Short List

The battle to find a successor for out-going BofA CEO Ken Lewis is heating up. And Charlie Gasparino tells Fast Money who’s most likely to win the top spot.

Despite chatter about finding someone outside the company such as Bill Boardman, the former #2 at Bank One or Chad Gifford the former CEO of  Fleet Financial -- sources tell CNBC that the BofA board of directors prefers an insider to run the company.

Following is Gasparino's original list of potential new CEOs:

Name                                    Position
Thomas Montag             Head of Global Markets
Barbara DeSoer              Bank of America Home Loans
Sallie Krawcheck            President of Global Wealth
Brian Moynihan              Head of Consumer and Small Business Banking
Joe Price                      CFO
Greg Curl                      Chief Risk Officer

And here's how Gasparino is gaming the outcome.

Odds Of Succession
Greg Curl 1:2
Brian Moynihan 1:3
Sallie Krawcheck 1:10

It's worth noting that despite earlier reports, BofA does not want to appoint an interim CEO. Instead they want to make a decision and then move forward.



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Trader disclosure: On October 8, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (UNH) Calls; Finerman's Firm Owns (MSFT), (TGT); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm And Finerman Own (WMT); Finerman's Firm Is Short (USO), (IJR), (MDY), (SPY), (IWM), (UNG); Finerman's Firm Owns (BAC), (BAC) Call Spread, (BAC) Preferred; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm Owns (AET) Calls; Finerman's Firm Owns (WLP) Calls; Finerman's Firm Owns (RIG), Is Short (RIG) Calls; Finerman Owns (RIG); Pete Najarian Owns (BRCD) Calls; Pete Najarian Owns (C) Calls; Pete Najarian Owns (INTC), Is Short (INTC) Calls; Pete Najarian Owns (MYL) Calls; Pete Najarian Owns (STX) Calls; Pete Najarian Owns (WFC) Puts; Pete Najarian Owns (YHOO) Call Spread; Grasso Owns (AAPL), (ABK), (ASTM), (BAC), (C), (COST), (PRST), (V), (WMT), (FAZ)

For Steve Grasso
Stuart Frankel Corp. & Partners Own (CMCSK)
Stuart Frankel Corp. & Partners Own (CUBA)
Stuart Frankel Corp. & Partners Own (GERN)
Stuart Frankel Corp. & Partners Own (HSPO)
Stuart Frankel Corp. & Partners Own (LMT)
Stuart Frankel Corp. & Partners Own (MSFT)
Stuart Frankel Corp. & Partners Own (NWS.A)
Stuart Frankel Corp. & Partners Own (NXST)
Stuart Frankel Corp. & Partners Own (NYX)
Stuart Frankel Corp. & Partners Own (PDE)
Stuart Frankel Corp. & Partners Own (PRST)
Stuart Frankel Corp. & Partners Own (RDC)
Stuart Frankel Corp. & Partners Own (ROK)
Stuart Frankel Corp. & Partners Own (TBT)
Stuart Frankel Corp. & Partners Own (TLM)
Stuart Frankel Corp. & Partners Own (XOM)
Stuart Frankel Corp. & Partners Own (XRX)
Stuart Frankel Corp. & Partners Own (SDS)
Stuart Frankel Corp. & Partners Are Short (QQQQ)
Stuart Frankel Corp. & Partners Are Short (CL)



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