Investor Takes BofA Fight To Internet

The Wall Street Journal reports that long-time Bank of America investor Jerry Finger has taken his fight against firm Chairman & CEO Ken Lewis to the internet.

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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