May 9, 2012

Most Popular Shareholder Resolution At Bank Of America Meeting Is To Disclose Lobbying

Protesters outside Bank of America's shareholder meeting today. Photo by Tim Franzen.

Today, Bank of America held its annual shareholder meeting in Charlotte, North Carolina. As hundreds protested the bank’s heavy-handed political giving outside, a group of shareholders inside voted on various resolutions. Charlotte Observer business reporter Andrew Dunn notes that all shareholder resolutions failed. But a resolution calling on the company to disclose more about its lobbying operations netted the most votes, with 30 percent of shareholders voting in favor.