CalSTRS Gives Bank of America's Board a F
| April 28th, 2009 | ||
| CalSTRS, which is the second-largest public pension fund in the US, has announced that it is voting against Bank of America Corp’s (BAC) slate of investors at tomorrow’s annual shareholder meeting. According to an article from the Charlotte Observer, a spokesperson said that the pension believes “the board of directors prior to the acquisition of Merrill Lynch failed in their duty to shareholders.” Many of the company’s leading shareholders have been outspoken about their belief that Ken Lewis should no longer be both the company’s CEO and Chairman. | ||
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CalSTRS |
Related People: Jack Ehnes
Related Entities: The California State Teachers Retirement System
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles
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