Commentary: Memo To Bof A's Mc Call: To Give Back Is Divine

There's one way for Bank of America's boss to exit gracefully--by returning part of his 1999 bonus

Bank of America Chief Executive Hugh L. McColl Jr. has thrown in the towel. The notoriously stubborn 65-year-old ex-Marine said last month he will step down in April, despite previous vows to stay on until 2002. McColl's departure will leave the bank with a raft of problems that started on his watch: poor loan quality, falling market share, and slowing capital markets activity.

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