A group that owns Bank of America stock is asking shareholders to vote against re-electing CEO Ken Lewis (left) and two others to the bank's board of directors. -- PHOTO: AP
NEW YORK - A GROUP that owns Bank of America stock is asking shareholders to vote against re-electing CEO Ken Lewis and two others to the bank's board of directors.
Finger Interests Number One, which owns less than one percent of Bank of America stock, says the board disregarded protecting the interests of shareholders during its purchase of the brokerage Merrill Lynch.
The investment group is also asking shareholders to vote against re-electing O. Temple Sloan and Jackie Ward.
Charlotte, North Carolina-based Bank of America acquired Merrill Lynch Jan. 1 in a deal that has faced heavy scrutiny in recent months.
Another shareholder, Change to Win Investment Group, has been seeking the firing of Lewis as CEO because of the deal. -- AP
