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Bank of America Shareholders Oust Chair of the Board

Awhile back I kept harping on Bank of America's misuse of bailout money, support of right wing reactionary causes, their horrible customer service and their predatory lending practices? Well, I am not the only one who was pissed. Seems Bank of America shareholders have voted to oust their CEO. This comes from SEIU:

Something remarkable happened yesterday. A majority of Bank of America's shareholders voted to oust Ken Lewis as Chairman of the company's board.

This is huge.

Shareholders cast an unprecedented vote of no confidence on Ken Lewis' leadership at Bank of America. It's the first step to real accountability at the financial giant...

After weeks of advocating for major reforms at Bank of America we delivered more than 90,000 signed "taxpayer proxy cards" to the shareholder meeting yesterday. Allies like MoveOn.org, Brave New Films, True Majority, and many others were instrumental in the success of our actions.

Let's be clear: what happened yesterday is just the first step towards holding Bank of America accountable. Shareholders delivered a major vote of no confidence, but there's much more to be done.
 more this way»

mole333's picture
Submitted by mole333 on 30 April 2009 - 3:59pm.
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