Something historical,
Bank of America Corp.’s (BAC) shareholders voted in historic fashion on Wednesday to strip chief executive Ken Lewis of his title as chairman, demonstrating just how precarious Lewis’s hold on his other job – chief executive – has become.
The shareholder resolution, which requires Bank of America to appoint a separate chairman and chief executive, marks the first binding shareholder resolution to pass at a S&P 500-member firm, according to RiskMetrics Group.
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