1. BofA CEO Calls Board Decision on Chairman ‘Right Thing To Do’

    BofA CEO Calls Board Decision on Chairman ‘Right Thing To Do’

    In his tenure, he has focused on cutting costs, but he said in the interview that Charlotte's headcount of roughly 15,000 has remained stable, adding he'd “expect it to continue to be such...

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    1. The board's view is that to become more of a normal company, like our peers, it was the right thing to do.
    2. If you look at the modern thought process around board governance, the title of chair is not the key.
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