*this is why I say no bailout money for these banks. Let the ijiot shareholders pay to keep insolvent banks afloat, not US taxpayers. Obama better wise up to what's coming next election cycle, I don't care how many pubby's defect (Specter). These board's of directors are the problem, these banks themselves are the problem. They should have all been removed the moment the government said I DO.-Tradebum
By David Mildenberg and Linda Shen
April 29 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Kenneth Lewis and the company’s directors repelled an effort to unseat them from the board by shareholders who had criticized the takeover of Merrill Lynch & Co.
All 18 directors were re-elected by a “comfortable margin,” spokesman James Mahoney said today after the annual shareholders meeting in Charlotte, North Carolina, where Bank of America is based. Another vote on splitting the chairman and CEO jobs at the bank -- the largest in the U.S. by assets -- was still being counted as the meeting ended.
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