Thanks to aggressive behavior by investor and other activists, bankers are sweating environmental, corporate governance, lobbying and other issues not to mention their jobs when they hold annual meetings. Those are on top of the usual protests and other wacky happenings.
B of A 's Core Questions
Past annual meetings for Bank of America have included screaming hecklers, dozens of protestors and a singing rabbi. This year's meeting, scheduled for Wednesday in Charlotte, N.C., may feature more wacky guests, but there will be plenty of serious business. Shareholders will vote on a proposal to form an independent committee to assess the sale of the bank's noncore assets, and a separate proposal to require the company to fully disclose its lobbying expenses. That said, the biggest buzz will no doubt be B of A's decision, announced Monday, to let investors vote at a later date on the controversial bylaw change that handed CEO Brian Moynihan the chairman's title, too.
Image: Bloomberg News