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chairman to the board of directors

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BofA Adds Strategists after Lead Director’s Departure HW+

Jun 01, 2009By

Bank of America [stock BAC][/stock] saw a bit of shuffling this weekend after announcing late Friday that 13-year company veteran O. Temple Sloan Jr. resigned his leading post on the board of directors. Sloan, who also served as chairman to the board of directors’ executive and compensation committees, stepped down in the face of government-initiated stress test results showing the bank lacked $33.9bn in fresh capital to withstand more dire economic circumstances.

3d rendering of a row of luxury townhouses along a street

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