Bank of America: More Directors Leave
June 19, 2009 by Stephen Kersey
Filed under Business
In a recent filing with the SEC, Bank of America revealed that two more directors have left the company. Within the last few months, Bank of America has seen a whole lot of changes on its board of directors.
Bank of America (Image: Flickr)
The latest departures are Tommy Franks and Joseph Prueher. Both of these Bank of America directors left the company on Wednesday.
Based in Charlotte, North Carolina, Bank of America shareholders have been extremely mad as of late. Not only has the company’s stock plummeted, Bank of America has also made a number of questionable decisions — including the purchase of Merrill Lynch.
The moves on the board of directors began when chairman Kennth Lewis was ordered out by shareholders. The four others who have left includ Robert Tillman, O. Temple Sloan Jr., Jackie Ward and Patricia Mitchell.
Recent additions to Bank of America’s board of directors include Donald Powell, D. Paul Jones, William Boardman and Susan Bies.
