Bank of America Sets Vote on Moynihan's Role for Sept. 22
August 13 2015 - 5:40PM
Dow Jones News
Bank of America Corp. set its special meeting for Sept. 22 for
shareholders to vote on whether Chief Executive Brian Moynihan
should retain the title of chairman.
The meeting is scheduled to be held at 1 Bank of America Center
Auditorium in Charlotte, N.C., at 10 a.m. ET.
The bank's board gave Mr. Moynihan the chairman title last fall,
overriding a 2009 rule passed by shareholders during the financial
crisis that required the two jobs be held by separate people. To do
so, the board also changed the bank's bylaws, aggravating big
pension funds and other institutional investors who weren't
consulted in advance.
--Christina Rexrode contributed to this story.
Write to Maria Armental at maria.armental@wsj.com
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