Investor Takes BofA Fight To Internet
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Finger, who is close to former BofA CEO Hugh McColl, has established a website, www.bacproxyvote.com , and is demanding that Lewis, at the very least, should step down as Chairman.
The website says the group of investors are advising Bank of America shareholders to 'vote for change', and believe that the bank's board has:
'Made risky and overpriced acquisitions
Assumed massive credit risk through acquisitions
Concealed information about losses at Merrill Lynch
Violated Securities Regulations by withholding information
Misled government authorities about Merrill bonuses
Permanently destroyed shareholder value'.
Finally, Reuters reports that Brian Moynihan, who heads up Bank of America's wholesale banking operations, has emerged as a possible successor to Lewis. He is said to be in the frame with mortgage boss Barbara Desoer and CFO Joe Price.
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