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Shareholders Oust Bank of America Chief as Chairman

Apr. 30, 2009
Shareholders stripped Kenneth D. Lewis of his chairman title in a vote that may mark the beginning of the end of his leadership at the embattled bank.
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Lewis loses BOA chairman job

Lewis loses BOA chairman job

CHARLOTTE, N.C., April 29 (UPI) -- Bank of America Corp. said President and Chief Executive Officer Kenneth Lewis would no longer serve as the bank's chairman.

Shareholders press Goodwin on pension pay

GOGARBURN, Scotland, April 3 (UPI) -- Angry shareholders gathered for a Royal Bank of Scotland shareholders' meeting Friday prepared to vote no on the bank's controversial remuneration report.

Wachovia shareholders approve sale

CHARLOTTE, N.C., Dec. 23 (UPI) -- Wachovia shareholders Tuesday approved the bank's sale to Wells Fargo & Co.

Analysts worry about Countrywide deal

NEW YORK, June 8 (UPI) -- Business analysts say Bank of America's move to acquire debt-laden Countrywide Financial is fraught with land mines and peril for the bank's shareholders.

Final vote fells Bear Stearns bank

NEW YORK, May 29 (UPI) -- Bear Stearns' shareholders approved sale of the bank to J.P. Morgan Chase in New York Thursday, after which the former chairman apologized, sources said.

UBS shareholders face up to changes

BASEL, Switzerland, April 23 (UPI) -- UBS shareholders were both disappointed and amused at the Swiss bank's shareholder meeting Wednesday, amid a continued drought in profits.

Virgin preferred Northern Rock bidder

LONDON, Nov. 26 (UPI) -- The British government has chosen a Virgin Group Ltd.-led consortium as the preferred bidder to rescue Northern Rock PLC, the troubled bank said Monday.

Arcelor's head gets shareholder support

LUXEMBOURG, April 28 (UPI) -- Shareholders of Arcelor SA backed the world's No. 2 steel company in opposing a takeover bid by London's Mittal Steel Co., the world's No. 1 steel maker.

Nestle chief executive also named chairman

VEVEY, Switzerland, Jan. 18 (UPI) -- Swiss food maker Nestle Tuesday named Chief Executive Officer Peter Brabeck as its next chairman subject to shareholders' approval.

Old Central Bank boss joins Yukos board

MOSCOW, April 28 (UPI) -- Russia's ex-Central Bank chairman has been invited to run the embattled Yukos oil corporation, the Moscow Times said Wednesday.
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Youngsters compete in Scripps National Spelling Bee
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Contestants (L-R) Cooper Barth of West Long Branch, New Jersey, Eboseremhen Eigbe of Galloway, New Jersey, Jacob Bayly Hunter of Sante Fe, New Mexico and Massound Sharif of Albany, New York, all await their turns to compete during the 3rd round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. UPI/Mike Theiler