It is good to see a shareholder taking interest in the management of its company.
The separation of the Chairman and the CEO positions is good news and good governance.
Onésimo Alvarez-Moro
See article:
Longtime Bank of America Corp (BAC.N) shareholder Jerry Finger launched on Monday his formal campaign to strip Chief Executive Kenneth Lewis of his job as chairman, saying the bank took too much risk by acquiring Merrill Lynch & Co.
Finger urged shareholders to vote against reelecting Lewis, lead director O. Temple Sloan Jr and Jackie Ward to the bank's board of directors at the April 29 annual meeting. Ward chairs the board's asset quality committee.
Bank of America did not immediately return a request seeking comment. Finger is mounting his campaign at his own expense without a formal proxy solicitation, and announced it in a U.S. Securities and Exchange Commission notice.
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