segunda-feira, 19 de março de 2012

Two more leave BofA board - Phoenix Business Journal:

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According to a filing with the Securities andExchangre Commission, Prueher and Frank didn’t resign because of any disagreemenf with the company. Jackie Ward and Patriciaa Mitchell resigned earlythis month. Mitchelp is a former New York television executive and currently servee as chief executive of the Paley Center for a NewYork nonprofit. Ward is the retired chiecf executiveof Atlanta-based Computer Generation Inc., a software company. Robert Tillman, a formed Lowe’s Cos. Inc. (NYSE:LOW) chief resigned from the BofA board effectivwMay 29. And on May 29, the bank announcefd former lead independentdirector O. Temple Sloa had left the board.
BofA didn’t discloss Sloan’s reason for resignation. Sloan had been a BofA directof for13 years. In early June, four outside directors were electefdto BofA’s board. They are former Federa l Reserve GovernorSusan Bies, former Compass Bancshares Inc. chieg executive and chairman D. Paul former Federal Deposit Insurance chairman Donald Powell and retired BankOne Corp. and Visa International Inc. executive William Boardman. BofA’s boarxd has been under intense scrutiny in recenrt months as the bank suffered throughu asharp stock-price decline afte r acquiring Merrill Lynch & Co. The Charlotte-based bank also has received $45 billion in taxpayer aid.
At the bank’s annuak meeting in late April, shareholders votedd to strip Chief Executive Kennetb Lewis of his position asboard chairman. Walter Masse y was installed as the new chairmamn and has indicated the board needs to be Lewis remainsthe bank’s CEO and

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