Bank of America's new CEO could be announced as soon as today. If the pick is not based here, do you think BofA will leave Charlotte?

If you want to be a global financial institution, you have to be in New York. Nobody outside of the U.S. has ever heard of Charlotte.

With the banking system under such scrutiny by the government such as salary caps and bonuses of the CEO's, I feel it would be a poor move by BofA and more than likely deterred if not stopped by the government.

Ditto Jason! New York or possibly Washington, DC!

The bank remained in Charlotte because there was a person tie to the city by the bank's executives. Now, why stay? Unlike Raleigh, and other cities, Charlotte hitched it's wagon to the banking industry and we're now seeing the results of being so narrow in our approach to encourageing diversity among business. Without the banks, Charlotte is a town similar to Detroit. Let's hope we don't make the same mistakes.

The northeast elite are now in charge of the Fed, BOA Board of Directors and the best candidate in the current leaders estimation is an ivy leaguer . Good By Bank of America Corporate Office. Center City Partners need to start looking for some new tenants of the high rise.

Yes, unless Barack & Barack Jr decide to keep it here

We better hope that they don't move the headquarters away from Charlotte. You think that we have economic problems now it would be terrible if we lost such a big employer. The region needs to work on building back the manufacturing base that has alway been stable workforce. Build on the energy related industry and the car related ones too.

There is a chance that since we now have a black mayor who virtually came from nowhere similar to Barrack Hussein Obama, may be able to trump any move away from Charlotte. He is a phone call away from calling the President and asking for a favor to put pressure on the bank to stay put. With the President's pressure on the bank from the TARP money, anything is possible.

Otherwise, I think the headquarters will move to New York. Most yankees still can't decide if Charlotte is in North or Sourth Carolina. It does not help the bank in world wide recognition to be based here and could possibly hurt it.

You are the most cynical people I have ever seen. Get off of the Obama kick. Stop blaming him for everything, we all created the economic problems by being so stupid about lending to people who should never have been
given a loan. We let it happen. Blame your legislators and representatives. Grow a back bone and do your part to make things better in Charlotte and the region. It doesn't do any good to blame others - take a look in the mirror for once. Get out and vote next time and make a change from Congress to the local city council and commissioners.

With a new CEO the BofA takeover will be complete. The Wall Street elites couldn't stand the fact that some Southerners could play in their investment banking backyard. ML acqusition was just a poison pill.

No Jean don't blame me by saying we are all at fault. I didn't loan money to anybody. When you have all the regulators and oversight agencies not doing their jobs along with the feds pressing for loans to low income, bad credit people there was no other result that could have happened.

Say bye bye to BofA corporate headquarters, but don't think that the BofA tower is going to be empty. Many jobs will remain, but the top level jobs will be gone.

Personally I will be glad to see Charlotte return to its roots and senses as a smaller southern town. This vision of us as a "World Class City" has caused us nothing more than higher taxes, crime, congestion and corruption in government.

I did not vote for Foxx, but if he gets a call from the President, secures funding to complete 485, and keeps BoA in Charlotte, then he is certainly off to a very good start. I'll be watching.

@Charlie, What you have failed to remember is that most and I mean most of the people that work at BofA are from the northeast and actutally have nothing to do with being "Southerners". Transplants at best. Some have adapted to the southern way of life and others have made a second career out of forcing th northeast state of mind on the south. Can you spell Uptown Crowd? Where do you think the trolley and other folly ideas come from. Take a survey of football and baseball fans. Steelers, Yankees, Redskins, Red Sox, and on and on. Granted, before NC had nothing to offer in football arena except Atlanta and nothing in baseball. If it moves to NY, please take those key people with you that you brought here. Sad that the banks felt the need to import workers and not concentate a little more on actually growing the south when they came. Be interesting to take a survey of BofA emplyees and see how many actually are native here prior to the bank start up and growth of the last ten yeas.

George,
AMEN!

You are so right senior. And Jean, you hit the nail on the head. Manufacturing should be a major focus. Problem is that with taxes and such the way they are, it may take some time for our genius' in GovCo to settle back and take Charlotte and NC back to where it is again attractive. Two years ago I was involved in a manufacturing start up here in Charlotte and it was like pulling hens teeth. Regulations, zoning, water run off concerns???, and anything they could find to make it hard to get approval was the norm. All of this in an existing building. It wasn't even new construction. The attitude seemed to be "nasty ol' manufacturing-do you know what type of people that will attract and clutter our World Class image?".

Oh well. They sent my job to India. The HQ can go to NYC for all I care. I dont shed one damn tear for that place NOR the comminity that allowed this cancer called outsourcing to run rampant. And, to Jason: Sorrry buddy but you can be a 'global' whatever you want from your own damn garage these days. You do NOT have to lay of highly skilled workers in Charlotte, thus destroying the tax base locally, the tax base in the State of NC and the tax base federally -- all the while wondering why the city, state and national revenues have collapsed (mulitply me by hundreds of thousands across a dozen + industries). Maybe these outsourced people all over this nation would be able to afford their mortgages and their health care if they HAD A JOB! Unemployment insurance doesnt cut folks. Working at Target is under employment folks. Walmart is almost the area's largest employer now folks. Too bad you didnt wake up in time and shunned people like me for warning you that we're becoming service-oriented employees getting paid a whopping $10/hr if we're lucky! Hey, but that makes the "good news segment" so who cares, right? Guh. Fact is, Lewis didnt care about anything about this city and its surrounding region. He cared nothing more than his own damn wallet. To all of the folks who'll try to defend that crook: Stop hiding behind this "we are a global economy today" because I say BS!!!! We've been a global economy since the Nomads wore trading paths all over the world. Humans have been trading for EONS. Suddenly in the last decade (well, since 2003 for BofA) we've discovered the 'global economy'??????? BS. People got GREEDY beyond all meaning of the definition. They redefined it! And now the new executives are going to leave Charlotte? Who cares. Let them go. The city, the local buffoons that run it - you all deserve whats coming to you. The reality of the day is that BofA's HQ (along with several other HQ's) is actually 1600 Pennsylvania Ave and you better get used to that. You all put THAT buffoon in charge too.

I can see the Bank moving its top executives to New York, which would make a lot of sense, in my opinion. But, I doubt they will move their operations to the City. Charlotte is a very inexpensive place do do business when compared to New York.

we go the race car hall of fame, wbt, who needs boa

go=got

go=got

Kathy,
You are right (Did I say that?). It wouldn't make sense to relocate all f the work force with the upper exec's that do need to be at the center of the hustle and bustle. Looks like those $60K data entry jobs are safe. Exec's may have a bit of a time adjusting back to the big city as their huge salares will not have near the buying power there as it does here.

Obama won't let BofA move. Charlotte is now the new Chicago. Anything friends of Obama want, they will get. We will suddenly be awash with money for roads, bridges, housing, etc. All we have to do is call President Daly, I mean Obama.

Thomas, you may enjoy this video, it sums up a lot of what you have to say: http://nicknak.com/humor_folder/big_box_mart.html

Dangit I have to agree with Kathy.. JK.

It would be hella expensive for BOA to move many jobs to NYC. The cost of living adjustments to wages alone would make the cost prohibitive. Outsourcing more low level jobs and shifting the upper management to NYC should be a concern though. I doubt they'd attempt it any time soon though. Between Obama pressure and stock holder pressure to keep jobs in the US. We might just see all or most of the positions currently held stay in Charlotte for the foreseeable future.

I am hoping they do not move because of one person. I can't believe they stayed because of one person, so the reverse must be true. We are talking about a company worth tens of billions of dollars, right? Don't they usually do whatever they want? (see Thomas)