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4 May 2009, 11:00 am
Several directors serve on other boards. [read post]
4 May 2009, 4:41 am
After the shareholder meeting, BofA's board acted in the wake of the vote and split the jobs (and a longtime director became the board chair). [read post]
30 Apr 2009, 10:20 am
Before the global financial crisis began in 2007, none of the major Wall Street or banking firms had independent board chairs. [read post]
28 Apr 2009, 11:54 am
The CtW Investment Group is calling on Bank of America (BAC) to refrain from counting uninstructed broker votes in board elections at tomorrow's annual meeting in Charlotte, North Carolina. [read post]
28 Apr 2009, 11:44 am
"At a time of uncertainty and hardship for many in America, criminal justice looms as one of our most pressing challenges," said Ann Beeson, executive director of the Open Society Institute's U.S. [read post]
28 Apr 2009, 8:00 am
See Beal Bank v. [read post]
28 Apr 2009, 6:15 am
(Editor's Note: This article appeared recently in the New York Law Journal.) [read post]
28 Apr 2009, 6:00 am
There will be no shareholder nominated directors on the AIG Board. [read post]
27 Apr 2009, 3:39 am
No More Classified Boards - require companies to hold annual director elections rather than putting only a portion of the board up to vote each year 5. [read post]
24 Apr 2009, 6:32 am
Ken Lewis, Bank of America’s CEO, has testified under oath to threats by former Secretary of the Treasury Hank Paulson to remove the Bank’s Board of Directors and its management if the Bank didn't close its deal to acquire Merrill Lynch, and secret promises to support the Bank with federal funds if it did close the transaction. [read post]
24 Apr 2009, 3:04 am
BofA’s December 22, 2008 Board of Directors Meeting minutes (here) reflect that Lewis reported to the board that Paulson had threatened them (Lewis and the board) with the loss of their positions if the deal failed to go through. [read post]
24 Apr 2009, 2:21 am
Lewis cited a contractual provision that authorized withdrawal if a "material adverse event" occurred (I am not sure whether this includes depreciation in value).Bernanke and Paulson, however, threatened to remove Bank of America's Board of Directors if it pulled out of the deal. [read post]
23 Apr 2009, 4:42 pm
Merrill Lynch Chairman and CEO John Thain, left, and Bank of America Chairman and CEO Ken Lewis announce the merger, Sept. 15, 2008. [read post]
23 Apr 2009, 12:51 pm
CPO and CTA Information on Branch Offices Many commodity pool operators and commodity trading advisors are large enough that they have more than one central office. [read post]
23 Apr 2009, 10:28 am
This especially concerns board of director composition and roles, with special attention to limiting executive compensation, at least for corporations of systemic significance. [read post]
21 Apr 2009, 7:30 pm
For, say, a bank holding company like Goldman Sachs, the law says the appropriate authority is the Board of Governors of the Federal Reserve System as the consultant. [read post]
21 Apr 2009, 1:37 pm
Inventors, like Steve Wozniak, may find it more satisfying to tinker in their garages and invent new products than attend board of directors' meetings and manage a large bureaucracy. [read post]
21 Apr 2009, 8:03 am
He has served on the boards of directors of several NASDAQ-listed institutions. [read post]
21 Apr 2009, 4:00 am
If the Board of Directors determines that a Chairman who was independent at the time he or she was selected is no longer independent, the Board of Directors shall select a new Chairman who satisfies the requirements of this Bylaw within 60 days of such determination. [read post]
20 Apr 2009, 8:11 am
A binding independent chair proposal filed by the Service Employees International Union likely will do well at Bank of America's annual meeting on April 29. [read post]
