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.

FORBES: Bank Of America Coughs Up $11 Million To Ousted Execs

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

FORBES: Connect

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.

ECONOMIST: The law and competition