So shareholders might be a little shaky.
That is reportedly “much more aggressive” a reach-out to investors than his forerunner, Ken Lewis.
But there’s one slight problem.
In contrast to Lewis, who punctuated his appearances with anecdotes and humour, Moynihan has a rapid-fire speaking style that sometimes detracts from his message, said Nancy Bush, an independent banking analyst at NAB Research.
“He’s always thinking way faster than he can talk,” Bush said. “The thoughts tend to run together, and it’s been somewhat of an impediment to getting people to focus on what he’s saying, rather than the way he’s saying it.”
And apparently Lewis didn’t even want to keep Moynihan around at one stage, back in 2008. BofA directors had to convince him to let Moynihan stay after he refused to relocate his family to Delaware to lead a credit-card division.
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