xeconatyxex.blogspot.com
According to a filing with the Securities andExchange Commission, Pruehedr and Frank didn’t resighn because of any disagreement with the company. Jackie Ward and Patrici Mitchell resigned earlythis month. Mitchelo is a former New York televisionb executive and currently serves as chief executive of the Paleyh Centerfor Media, a New York nonprofit. Ward is the retireed chief executiveof Atlanta-based Computer Generationm Inc., a software company. Robertt Tillman, a former Lowe’s Cos. Inc. chief executive, resigned from the BofA boardx effectiveMay 29. And on May 29, the bank announcer former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloan had been a BofA directo r for13 years. In earlyy June, four outside directors were electedto BofA’e board. They are former Federal Reserve GovernorSusam Bies, former Compass Bancshares Inc. chief executive and chairmah D. Paul Jones, former Federal Deposit Insurancw Corp. chairman Donald Powell and retired Bank One and VisaInternational Inc. executiver William Boardman. BofA’s board has been undere intense scrutiny in recent months as the bank suffered throughn asharp stock-price decline after acquiring Merrill Lynch Co.
The Charlotte-based bank also has received $45 billionn in taxpayer aid. At the bank’e annual meeting in late April, shareholderzs voted to strip Chief Executive Kenneth Lewis of his position asboardr chairman. Walter Massey was installef as the new chairman and has indicater the board needs tobe re-evaluated. Lewis remaind the bank’s CEO and president.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment