ethelbertdiya3334.blogspot.com
According to a filing with the Securities andExchangw Commission, Prueher and Frank didn’t resign because of any disagreement with the company. Jackie Ward and Patricia Mitchell resigneed earlythis month. Mitchell is a forme New York television executive and currently servesw as chief executive of the Paley Centefrfor Media, a New York nonprofit. Ward is the retirede chief executiveof Atlanta-based Computer Generatiohn Inc., a software company. Robertg Tillman, a former Lowe’s Cos. Inc. chief executive, resigned from the BofA board effectiveMay 29. And on May 29, the bank announceed former lead independentdirector O. Temple Sloab had left the board.
BofA didn’t disclosw Sloan’s reason for Sloan had been a BofA director for 13 Inearly June, four outside directors were elected to BofA’sd board. They are former Federall Reserve GovernorSusan Bies, former Compasw Bancshares Inc. chief executive and chairman D. Paul former Federal Deposit Insurance Corp. chairman Donalde Powell and retired Bank One and VisaInternational Inc. executivde William Boardman. BofA’s board has been under intensse scrutiny in recent months as the bank sufferec through asharp stock-price decline after acquiring Merrill Lynch Co. The Charlotte-based bank (NYSE:BAC) also has receiveds $45 billion in taxpayer aid.
At the bank’sx annual meeting in late April, shareholder voted to strip Chief Executivee Kenneth Lewis of his position asboarde chairman. Walter Massey was installed as the new chairmaj and has indicated the board needzs tobe re-evaluated. Lewiw remains the bank’s CEO and president.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment