BofA CEO Ken Lewis has a history of overpaying for acquisitions. Here is a list of the biggest deals Ken Lewis completed during his tenure, courtesy of Deal Journal. Below are the last five:
1. 09/08, Merrill Lynch
2. 01/08, Countrywide Financial
3. 04/07, Lasalle Bank
4. 11/06, US Trust
5. 06/05, MBNA
It may take sometime, but eventually, mistakes will catch up with you.