Krawcheck was let go last month 6 amid a major management restructuring at BofA. Joseph Price, president of consumer and small business banking, was also given the boot.

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Chesapeake has become a complicated asset play after a crippling commodity price crash and questionable management ethics led to major restructuring.

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At least in its later stages, Thatcherite privatisation was concerned with the restructuring of government-owned industries to introduce price mechanisms, competition and transparent regulation, to offer a share of ownership to the public, and to promote general economic efficiency.

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Best Buy will have to pay for these restructuring programs in 2011 and 2012, but the price of the programs did not affect earnings forecasts.

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Its share price has risen around 10% since the beginning of the year as concerns about its restructuring program have abated, the analyst said.

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He thinks Anglo "still has work to do" to convince the market about its restructuring capabilities, particularly at Anglo Platinum, since the company's volume growth (and share price) has recently lagged its peers.

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