BofA Exec Cuts Price of Spring Island Home

Life hasn't been a bowl of cherries lately for embattled Bank of America CEO Kenneth Lewis. The latest sour fruit: According to this story from the Wall Street Journal, Lewis has cut the price on the vacation house he has been trying to sell at Spring Island, S.C. (home of the very fine Old Tabby Golf Links, designed by Arnold Palmer), for the last two years.

Lewis bought the 5,700-square-foot home with Dennis Thompson, founder and CEO of Firebirds International, in 2002 for $3 million. Current asking price (after the reduction): $3.3. million. The story includes a nice slideshow of the house.

-- G.R.