The Traderszone Network

Published in TZ Latest News 13 September, 2015 by The TZ Newswire Staff

Bank of America officials worried about Moynihan vote: WSJ

Some Bank of America Corp (BAC.N) officials told investors they could lose an upcoming shareholder vote on having Brian Moynihan continue as chairman and chief executive of the company, the Wall Street Journal reported on Sunday. A Bank of America spokesman was not immediately available for comment. The company scheduled the vote because of complaints after the directors last year appointed Moynihan to be chairman as well as CEO despite an earlier shareholder vote in favor of having different people in the two roles.