BofA proposal makes mockery of oversight: Mayo
September 01, 2015 at 07:56 AM EDT
Bank of America (NYSE: BAC) shareholders face a referendum on oversight in the banking industry when they vote on a crucial leadership decision later this month, CLSA analyst Mike Mayo said Tuesday. The shareholders will meet on Sept. 22 to vote on a proposal to make official the combination of the CEO and chair roles. The board named CEO Brian Moynihan chairman in October after Charles ...