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That's the kind of question CEOs must ask themselves after days like Bank of America's Brian Moynihan had Wednesday: he conducted a nearly three-hour shareholder meeting that featured some quirky (not to mention vocal) guests.
May 8 -
Observers expressed alarm over Monday's announcement that Bank of America submitted incorrect information to the Federal Reserve Board for its stress tests, saying it raises doubts about the credibility of the test.
April 28 -
B of A caught observers off guard by announcing $6 billion in mortgage litigation expenses, but the move is an attempt to convince analysts and investors that there is an end in sight to its crisis-era legal woes. It just might work.
April 16
Bank of America has
The $2.2 trillion-asset company said in a press release Wednesday that Brian Moynihan would now hold both titles. Moynihan said in the release that he plans "to build on the sound governance processes the board the has put in place."
The move comes more than five years after the Charlotte, N.C., company's board
Moynihan, hired to succeed Lewis as CEO in 2010, succeeds Charles Holliday Jr., as chairman.
"There's more work ahead, but Brian's strategy to simplify the company and connect it with the real economy continues to build value for shareholders," Holliday said in the release.
B of A also named Jack Bovender Jr. as its lead independent director. Bovender, the former chairman and CEO of HCA, joined the board in 2012.
