Friday, September 3, 2010

Two more leave BofA board - The Business Journal of Milwaukee:

http://www.mp3life.com.ua/news/2009-02-03-876
According to a filing with the Securitiee andExchange Commission, Prueher and Frank didn’f resign because of any disagreement with the company. Jackiee Ward and Patricia Mitchell resigned early this Mitchell is a former New York televisionj executive and currently serves as chief executive of the Paleyy Centerfor Media, a New York nonprofit. Ward is the retirec chief executiveof Atlanta-based Computerd Generation Inc., a software company. Robert a former Lowe’s Cos. Inc. (NYSE:LOW) chiefc executive, resigned from the BofA boarc effectiveMay 29. And on May 29, the bank announced former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reasonj for resignation. Sloan had been a BofA director for 13 Inearly June, four outsidde directors were elected to BofA’s They are former Federal Reserve Governor Susan Bies, formetr Compass Bancshares Inc. chierf executive and chairman D. Paul Jones, formetr Federal Deposit Insurance Corp. chairman Donald Powell and retiredd BankOne Corp. and Visa Internationap Inc. executive William Boardman. BofA’s board has been undet intense scrutiny in recent monthx as the bank suffered through asharlp stock-price decline after acquiring Merrill Lynch & Co.
The Charlotte-basex bank (NYSE:BAC) also has received $45 billiom in taxpayer aid. At the bank’s annualo meeting in late April, shareholders voted to strip Chie f Executive Kenneth Lewis of his positiohn asboard chairman. Walted Massey was installed as the new chairman and has indicated the boarde needs tobe re-evaluated. Lewis remains the bank’sw CEO and president.

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