2008-11-20 00:13:03 -

www.executivesclub.org - Robert L. Parkinson, Chairman, Chief Executive Officer and President of Baxter International Inc. welcomed over 1100 top executives from Chicago"s business community to hear remarks delivered by Kenneth D. Lewis, Chairman, Chief Executive Officer and President of Bank of America. As the financial crisis and economic slowdown of 2008 sweeps across America, attention is shifting from

the impact on Wall Street, where the standalone investment banking model has all but disappeared, to the impact on Main Street, where credit is tight, jobs are scarce, home foreclosures loom and all Americans are feeling economic pressure. In his remarks to The Executives" Club of Chicago, Mr. Lewis discusses the state of the recessionary economy; the housing market and forecasted recovery timeline.
Kenneth D. Lewis is Chairman, Chief Executive Officer and President of Bank of America. As CEO of Bank of America, Lewis leads one of the world's largest financial institutions and the twelfth most profitable company in the world in 2007. During his tenure, Bank of America has improved customer satisfaction significantly across every major line of business; annual revenue has increased from $33 billion to $66 billion; annual profit has increased from $7.5 billion to $15 billion; assets have increased from $642 billion to $1.7 trillion.
About The Executives" Club of Chicago
cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww .. (ECC) is a business forum for thought leadership, education and best business practices. Founded in 1911, the ECC is one of the oldest and most prestigious business organizations in the Midwest. The Club serves the community by providing information and resources needed to establish effective global partnerships, enhance intellectual exchange, develop future diverse business leaders and promote Chicago as a world class business center.


The Executives" Club of Chicago

Vallie M. Szymanski

Senior Director of External Affairs

312-263-3500 ext. 25

cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww ..