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April 29, 2009

BofA delays release of shareholder votes

From AP:

CHARLOTTE, N.C. (AP) — Bank of America Corp. has delayed the release of a shareholder vote on whether Chairman and CEO Ken Lewis can keep both his jobs.

At the company's annual meeting Wednesday, bank executives said they needed more time to tally the votes for the 11 proposals that were put to a shareholder vote. That includes the election of the Bank of America board as well as a shareholder proposal to strip Lewis of his chairman's title.

The company said it was aiming to release the votes later Wednesday. Big investors including California's employee pension fund have called for shareholders to oust Lewis and his fellow directors at the meeting

Posted by Jay Hancock at 1:42 PM | | Comments (1)
Categories: The Great Recession
        

Comments

Presuming you still may cover Maryland companies, if you look up Medifast Med NYSE, you will see 1st Qtr earnings reported before market 4/29 which the market heard. Was this mentioned in the Sun? It was not in the Post.

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.
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