It was a long, painful process - a kind of death by a thousand leaks-but after months of disclosures and complaints about Bank of America Corp.'s acquisition of Merrill Lynch & Co. last year and Bof A's decision to pay billions in bonuses to its investment bankers, Kenneth Lewis bowed to the seemingly inevitable when he announced he wasrnstepping down as CEO. The bitter irony for Lewis is that just as his own position was becoming untenable, Merrill's performance was beginning to justify the deal.
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