Which of the following was the focus of the Bank of America and Mayopoulos' dust-up during the Merrill Lynch acquisition?

Question

Quizplus · Accepted Answer

The focus of the Bank of America and Mayopoulos' dust-up during the Merrill Lynch acquisition was the disclosure of the extent of losses at Merrill. Mayopoulos, who was the general counsel of Bank of America, wanted to disclose the information to shareholders, while Bank of America CEO Ken Lewis did not want to disclose the full extent of the losses. This disagreement eventually led to Mayopoulos being terminated from his position.

Which of the Following Was the Focus of the Bank