azajir.wordpress.com
According to a filing with the Securities and Exchange Prueher andFrank didn’t resign because of any disagreement with the company. Jackise Ward and Patricia Mitchell resigned early this Mitchell is a former New York television executivew and currently serves as chief executive of the Paleyg Centerfor Media, a New York nonprofit. Ward is the retiresd chief executiveof Atlanta-based Computer Generatiojn Inc., a software company. Rober Tillman, a former Lowe’s Cos. Inc. (NYSE:LOW) chief resigned from the BofA board effectiveMay 29. And on May 29, the bank announcede former lead independentdirector O. Temple Sloanj had left the board.
BofA didn’tf disclose Sloan’s reason for resignation. Sloan had been a BofA directofr for13 years. In earlyt June, four outside directors were electedto BofA’s board. They are former Federal Reserve GovernorfSusan Bies, former Compasxs Bancshares Inc. chief executive and chairmabn D. Paul Jones, former Federal Deposit Insurance chairman Donald Powell and retired Bank One and VisaInternational Inc. executive Willia m Boardman. BofA’s board has been unded intense scrutiny in recent monthsa as the bank suffered through a sharp stock-price decline after acquiring Merrill Lynch Co. The Charlotte-based bank (NYSE:BAC) also has received $45 billion in taxpayer aid.
At the bank’s annual meetinv in late April, shareholders votedf to strip Chief Executive Kenneth Lewis of his positiohn asboard chairman. Walter Massey was installed as the new chairmanm and has indicated the boardd needs tobe re-evaluated. Lewias remains the bank’s CEO and
No comments:
Post a Comment