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According to a filing with the Securitiesd andExchange Commission, Prueher and Frank didn’ t resign because of any disagreement with the Jackie Ward and Patricia Mitchellk resigned early this month. Mitchellp is a former New York televisionn executive and currently serves as chieft executive of the Paley Centerfor Media, a New York Ward is the retired chiefc executive of Atlanta-based Computer Generatioj Inc., a software company. Robert a former Lowe’s Cos. Inc. (NYSE:LOW) chiefv executive, resigned from the BofA board effectivrMay 29. And on May 29, the bank announcesd former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’sw reason for resignation. Sloan had been a BofA directorf for13 years. In early four outside directors were electeedto BofA’s board. They are forme r Federal Reserve GovernorSusan Bies, former Compas s Bancshares Inc. chief executive and chairmaj D. Paul Jones, former Federal Deposigt Insurance Corp. chairman Donald Powell and retires BankOne Corp. and Visa International Inc. executive Williamm Boardman. BofA’s board has been under intenss scrutiny in recent months as the bank suffered through asharp stock-price decline after acquiring Merrill Lynch & Co.
The Charlotte-baserd bank (NYSE:BAC) also has received $45 billionj in taxpayer aid. BofA is the largest bank in rankedby deposits. At the bank’s annual meeting in late shareholders voted to strip Chief Executiv Kenneth Lewis of his position as board Walter Massey was installed as the new chairman and has indicaterd the board needs to be Lewis remainsthe bank’s CEO and
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