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Charles Holliday

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BofA Executive Compensation Proxy Approved

Bank of America Corp. (BAC) shareholders on Wednesday approved a nonbinding proxy proposal on the bank's executive compensation and backed the entire slate of directors as the bank continues to move forward from an era of intense government scrutiny.Since 2011, the bank's shareholders have voted on executive compensation. Shareholders approved the company's payments to executives, including $12 million in cash and equity to Chief Executive Officer Brian Moynihan."Our work is not done," said Mr. Moynihan at the meeting near the bank's Charlotte, N.C., headquarters. But, he said, the company is "better positioned than ever. We have a clear strategy of growth."A shareholder resolution to limit board members' ability to serve on more than three boards was rejected. Two directors, including Chairman Charles Holliday, are members of three other boards.Other shareholder proposals, including limiting the use of treasury funds for campaign contributions, reviewing the company's foreclosure poli...

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  1. DuPont Chairman on Stepping Down as CEO

    Charles Holliday Jr., on his new role at Bank of America.

  2. BofA Board Member Declines to Back Lewis

    DuPont Chairman Charles Holliday Jr., on Bank of America CEO Ken Lewis.

  3. DuPont Chairman on Climate Change

    DuPont Chairman Charles Holliday Jr., on businesses support for climate change.

  4. Brian Moynihan to Succeed Ken Lewis?

    FBN's Liz MacDonald on Bank of America replacing Ken Lewis.

  1. Goldman Loses Battle on Proxy Vote

    Goldman Sachs Group Inc. (GS) lost its attempt to block a shareholder proposal from its upcoming proxy, clearing the way for a shareholder vote on whether the compan...

  2. Bank of America's Scully to Leave Board of Directors

    Bank of America Corp. (BAC) director Robert W. Scully is leaving the board of directors, the bank said in a securities filing late Thursday.The filing said Scully, 6...

  3. Brian Moynihan to Succeed Ken Lewis?

    FBN's Liz MacDonald on Bank of America replacing Ken Lewis.

  4. DuPont Chairman on Climate Change

    DuPont Chairman Charles Holliday Jr., on businesses support for climate change.

  5. BofA Board Member Declines to Back Lewis

    DuPont Chairman Charles Holliday Jr., on Bank of America CEO Ken Lewis.

  6. DuPont Chairman on Stepping Down as CEO

    Charles Holliday Jr., on his new role at Bank of America.

  7. DuPont Buying Danisco for $5.8B

    U.S. chemicals group DuPont said on Sunday it will buy Danish food ingredients and enzymes firm Danisco for $5.8 billion to boost its position in the fast-growing fo...

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