Brian Moynihan retains combined title with 63% of vote despite third of shareholders’ streak to uphold financial crisis decision in 2009 to separate dutiesBank of America shareholders voted to allow chief executive officer Brian Moynihan to remain in both the chairman and CEO positions, but Moynihan lost the votes of more than a third of shareholders.
Roughly 63% of BofA investors voted on Tuesday to hold Moynihan in both roles. The long-awaited meeting in North Carolina lasted less than a half an hour.
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Source: theguardian.com