Okay, pretend for a moment that you are Ken Lewis. Cuomo has you by the short hairs, your stock is a single-digit midget that will be lucky to close today above $3 and looks respectable only in comparison to that other bank stock I won’t name because you have to be sick of hearing about it, and you have an annual meeting coming up in about six weeks. And last year at your annual meeting, there was a big fat effigy of you, stuffed with coal, which would be just as apropos this year, because it’s what you’ve put in your investors’ stockings.

I mean, could it get worse?

Yeah, I guess it could get worse. Change to Win – an activist-investor group representing mostly those with union pensions (they control, I believe, about 1/2 of 1% of BAC shares) is doing us all a favor – they are now calling for your head, Kennay. A succinct laundry list of your accomplishments, as CtW cited them, just related to the Merrill deal:

• Suffered a 90% drop in share price
• Allowed Merrill to pay out $3.6 billion in bonuses, even as the firm was hemorrhaging money
• Denied any active role in determining the size of Merrill bonuses, a claim subsequently contradicted by documents that have emerged in the NY Attorney General’s investigation
• Failed to timely disclose over $20 billion in pre-tax losses at Merrill
• Failed to invoke the Material Adverse Effects clause of the merger agreement to protect BAC shareholders from these losses

CtW has demanded Lewis be given the boot, and should this not happen, says they’ll force an ouster vote at the shareholder meeting on 4/29, not just for Kennay but also for the lead director of the board, O. Temple Sloan, and the governance committee chair Thomas Ryan.

Glad somebody’s getting the ball rolling.