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Bank of America CEO Brian Moynihan and Chairman Charles Holliday pledged to hold the right people responsible for the $4 billion accounting error in its capital plan that hurt shareholders but only after they carefully study what went wrong.
May 7 -
Wells Fargo (WFC) shareholders approved compensation for John Stumpf, the chairman and chief executive, at the company's annual meeting Tuesday and also rejected a proposal to split the chairman and CEO roles.
April 29 -
Joseph Stilwell used a photo of the then-chairman of Harvard Illinois snoozing at last year's annual meeting as part of his fight for representation on the board. Harvard's board accused Stilwell of waging his battle "in the gutter."
April 14 -
Lois Kreitzer is a regular at shareholder meetings of the Pittsburgh bank. She and PNC CEO James Rohr made nice during the Q&A session at this year's meeting — and then she got in a couple jabs.
April 26
Chief executives like Bank of America's (BAC) Brian Moynihan have two jobs at an annual meeting: answer the tough questions and manage the, er, unique characters who tend to show up at these gatherings.
You've already read how Moynihan spent much of the nearly three-hour meeting
The extracurriculars were tame by prior years' standards there were fewer protestors this time, and no
Shareholder Judy Koenick, a mainstay heckler at B of A's annual meetings, did her best to get under Moynihan's skin.
Koenick mocked his overview of the company's financial accomplishments and, on several occasions, used her Q&A time to harass Moynihan. As she was demanding details on the types of light bulbs that B of A uses, shareholder Peggy McMahon stole the scene.
"You must not attack this fine gentleman. Sit down and shut up," McMahon screamed at Koenick from across the room. McMahon, who wore a large straw sun hat with a yellow flower and rainbow-colored bow, then proceeded to emphasize her Irish ties to the CEO before yelling, "I love you Mr. Moynihan."
That comment succeeded in throwing Moynihan off, but only momentarily. "Between you and my mother, that's two of you," he responded with a smile.
Koenick, for the record, was silent for the remainder of the meeting.
McMahon would resurface later in the Q&A, telling Moynihan that she would marry him if he could get the company's stock back up to desired levels.
Immediately, as if rehearsed, civil rights advocate Jesse Jackson who was there to advocate for low-income households, and was sitting next to McMahon chimed in that under the right circumstances he'd be happy to bless the marriage.
