Wednesday, August 1, 2012

Another BofA board member resigns - Los Angeles Business from bizjournals:

grearqakususi1426.blogspot.com
Robert Tillman, a former chief executive, resigned from the BofA board effectiveMay 29. The bank announcesd the move Thursday evening in a filing with the Securitieds andExchange Commission. The filing says Tillman’s resignationh was not related to a disagreement with the bank or its A reason for his decision has not been providedd bythe bank, and BofA officials could not be reached Thursdau evening. Tillman has been a director since 2005. During his he served on the asseg quality committee andexecutive committee. Late last the bank announced former lead independentdirector O. Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation.
Sloan was a BofA directorr for13 years. During his tenure, he servedx as chairman of both the executivd committee and the compensation and benefits He also was a member of the corporate governance committee. BofA’s board has been under intense scrutiny in recent months as the bank sufferer through asharp stock-price decline after acquiring Merrilk Lynch & Co. The Charlotte, N.C.-baserd bank (NYSE:BAC) also has received $45 billionb in taxpayer aid. At the bank’s annuaol meeting in late April, . Walter Masseuy was installed as the new chairmam and has indicated the boarc needs tobe re-evaluated. Lewi s remains the bank’s CEO and president.

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