Magazine article Workforce Management

FOR BofA, MERRILL DEAL IS OLD HAT

Magazine article Workforce Management

FOR BofA, MERRILL DEAL IS OLD HAT

Article excerpt

The bank's merger experience should make for a smooth melding of the two firms' workforces.

Bank of America's string of acquisitions, culminating last week with its $50 billion purchase of Merrill Lynch, has given its executives ample experience at merging disparate workforces and their businesses.

"It is a core competency," Bank of America CEO Ken Lewis says. "We know how to manage transitions."

Announcing the acquisition in New York, Lewis wore a broad grin in describing what he called "the strategic opportunity of a lifetime" to merge the world s most renowned retail brokerage force with one of the country's largest consumer banks.

Cover Feature

CONNECTING A VIRTUAL WORKFORCE

1 A day in the life of an Accenture consultant is anything but 9 to 5 in a highrise's cubicle. In fact, other than the occasional visit, working out of a company office is normally discouraged at Accenture, which has locations in 150 cities worldwide. When staffers do swing by the office, they have to make a reservation for a desk ahead of time. …

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