Meanwhile, a CNBC commentator said Lewis' replacement will likely to be an inside candidate. Rochdale Securities analyst Dick Bove said Thursday that the "obvious" candidate for BofA's top position is Lewis himself. Bove argued any outside candidate must be willing to take a cut in salary, give up his or her independence in running the business, and subject themselves to Congressional and press attacks. "It is clear that the government wants an outsider or a replacement candidate from inside would have been selected by now," Bove wrote in a research note. "However, outsiders who have credibility can see no reason to take a post where they may be hounded to be government automatons.
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