1. On Leadership: Should CEOs Hold the Chairman’s Role? A Vote Facing Bank of America Reignites the Divide

    On Leadership: Should CEOs Hold the Chairman’s Role? A Vote Facing Bank of America Reignites the Divide

    Last October, Bank of America's board gave CEO Brian Moynihan another hat to wear, naming him chairman of the company's board.But this was no ordinary crowning of a CEO as the board's leader. Back in 2009, as the financial crisis raged, a majority of Bank of America shareholders voted to separate the company's top two leadership roles, stripping then-CEO Ken Lewis of his chairman's title, a rare feat for investors...

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    1. Instead of trusting shareholders to approve its change, the board acted alone and by its own admission did not discuss the change with shareholders in advance of taking action.
    2. How in the world can the person being monitored be the one doing the monitoring?
    3. At this point I don't have great confidence that you can make a conclusive judgement.
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