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Bank of America Shareholders Oust Kenneth Lewis as Chairman

Bank of America Shareholders Oust Kenneth Lewis as Chairman

Although he remains CEO of Bank of America, Kenneth D. Lewis was stripped of his position as BofA's Chairman of the Board in a meeting attended by some 2,200 shareholders last Wednesday. The decision was reached after a close vote of 50.34% to 49.66%, to separate the duties of the chairman from that of CEO.

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