• 29 Apr 2009 at 4:20 PM

Ken Lewis’ Fate “Too Close To Call”

By Equity Private

The key issue: Splitting the Chairman and CEO role (effectively stripping Lewis of the Chairman title) has moved from “still being tabulated” to “deadlocked” as the proxy vote is carefully counted behind closed doors.
The situation is, of course, fluid.

Comments (7)

  1. 1
    Posted by guest | April 29, 2009 at 4:28 PM

    Didn’t we see soemthing like this with Yahoo?

  2. 2
    Posted by guest | April 29, 2009 at 4:35 PM

    chest thump, chest thump, salute. kenny, we’re rooting for you.

  3. 3
    Posted by guest | April 29, 2009 at 4:56 PM

    If no one on the board gets tossed, let alone Lewis, it pretty much proves that shareholders don’t actually play a role in corporate governance.

  4. 4
    Posted by guest | April 29, 2009 at 5:05 PM

    @3 – wait, you want us to believe that shareholders are powerless just because directors need only 1 vote to be elected to the board?

  5. 5
    Posted by guest | April 29, 2009 at 5:35 PM

    I heard BofA shareholder meetings are basically pig pickings with CNBC on a TV

  6. 6
    Posted by guest | April 29, 2009 at 5:39 PM

    Ken lost. Massey is Chairman.

  7. 7
    Posted by guest | April 29, 2009 at 5:44 PM

    Lewis should resign now that he’s not chairman.

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