On the face of it, Wall Street seems to like Bank of America CEO Brian Moynihan. Last week, the nation’s second-biggest bank said its earnings fell less than expected, and the media portrayed it as a victory. The stock went up. Ask analysts and investors, and there’s a vague consensus: Hey, the CEO has been … Read more
Brian Moynihan has his hands full running Bank of America, the nation’s second largest lender, which is why he raised some eyebrows in July when he took on the volunteer position as chancellor of the Corporation of Brown University, the governing body of his alma mater. Those eyebrows got even wider when Brown took idiotic wokeness … Read more
Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy advisers to bolster corporate governance. Proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis had urged shareholders to support the moves and strip Goldman CEO David Solomon and BofA … Read more
