as a permanent successor, but his departure “raises some succession concerns near term” for the bank, Kleinhanzl said.

Kelleher served as chief financial officer and co-head of corporate strategy from October 2007 to December 2009. Gorman credited Kelleher’s leadership during that “critical period” with “helping the firm navigate the depths of the financial crisis,” according to the memo.

While Kelleher was CFO, the bank drastically shrank its balance sheet, became a bank holding company, which meant it could access funding from the Federal Reserve, and secured a $9 billion investment from Japanese bank Mitsubishi UFJ Financial Group.

Kelleher went on to become co-president and then president of institutional securities, as well as the head of international for the bank.

“Every time I have faced an issue of real significance Colm has beenis insufficient to satisfy their burden under Central Hudson. The relevant *773 portion of the Fruchey affidavit reads in its entirety as follows:
The primary purpose of the Ordinance is to promote the goal of traffic safety within the Village of Glendale. The objective of the Ordinance is to prohibit attractions or activities which will induce people to come into the roadway who are not a part of normal vehicular or pedestrian traffic, such as individuals washing or repairing their cars which are parked on the street, or individuals who are looking over a motor vehicle which is displaying a for sale sign parked on the street. In addition . . ., the Ordinance also addresses aesthetic objectives of the Village of Glendale.
The Fruchey affidavit amounts to nothing more