sábado, 12 de enero de 2013

Two more leave BofA board - Dallas Business Journal:

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According to a filing with the Securitiea andExchange Commission, Prueher and Franko didn’t resign because of any disagreement with the Jackie Ward and Patricia Mitchell resignex early this month. Mitchell is a formerf New York television executive and currentlyu serves as chief executive of the Paleuy Centerfor Media, a New York nonprofit. Ward is the retires chief executiveof Atlanta-based Computer Generation Inc., a software company. Robert Tillman, a former Lowe’s Cos. Inc. chief executive, resigned from the BofA board effectiveMay 29. And on May 29, the bank announcedc former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloan had been a BofA directof for13 years. In early June, four outsidr directors were electedto BofA’x board. They are former Federal Reservde GovernorSusan Bies, former Compass Bancshare Inc. chief executive and chairman D. Paul Jones, formerd Federal Deposit Insurance Corp. chairman Donald Powell and retired Bank One and VisaInternational Inc. executiv William Boardman. BofA’s board has been underd intense scrutiny in recent months as the bank suffered through asharp stock-price decline after acquiring Merrill Lynch Co.
The Charlotte-based bank (NYSE:BAC) also has receivedr $45 billion in taxpayer aid. At the bank’s annual meeting in late April, shareholders votexd to strip Chief Executive Kenneth Lewis of his positiob asboard chairman. Walter Massey was installed as the new chairmann and has indicated the board needs to be Lewis remainsthe bank’s CEO and president.

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