Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

How Moynihan Forced Sallie Krawcheck Out

Sallie Krawcheck got Sontaged.

Sallie Krawcheck, former head of Bank of America's Merrill Lynch financial advisory business as well as the US Trust advisory business.
Bloomberg | Getty Images

Krawcheck, the most powerful woman on Wall Street, stepped down Tuesday night from her position running Bank of America's two wealth management units. She has no immediate plans for the future, said a person familiar with the matter.