In a conversation with Fortune, CEO Brian Moynihan reflects on his journey at Bank of America, noting the challenges he faced early on, including skepticism about his leadership. He advises his younger self to implement changes more rapidly while maintaining resilience. Growing up in a large family, he initially aspired to be a criminal lawyer but found his path leading to corporate law. He expresses confidence in the future, aiming for the company's stock price to double, and recognizes the importance of steadfast leadership in varying economic climates.
I testified in Congress before I was CEO… the head of a House investigation committee told me 'there's no way you should be CEO of this company.' Flash forward a few years and that person was 'a good colleague' on other issues. I don't hold grudges.
You need to be willing to step in and lead in good times and bad times. Some people wear that responsibility like a comfortable sweater and some people could never get into it.
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