/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

Bank of America&#39;s annual shareholder meeting has just kicked off in Charlotte, N.C., where BofA shareholders will vote on whether or not Kenny Lewis will remain the BofA chairman of the board. &lt;p&gt;It&#39;s shaping up to be a close contest. CalPERS, the country&#39;s largest pension fund manager, and other big institutional shareholders have thrown their support behind killing Kenny&#39;s bid to keep his chairman post, while North Carolina&#39;s pension fund as well as many individual shareholders say they&#39;ve got&amp;nbsp;his back and want him to stay. &lt;p&gt;The news surrounding the highly-anticipated&amp;nbsp;vote heated up in the past few days as it was revealed that the undynamic duo of Hank Paulson and Benny Bernanke put a 12-gauge to Kenny&#39;s forehead, forcing him to marry Mother Merrill Lynch when Kenny started getting cold feet (after he caught Merrill with her pants down, discovering she had a few billion more in losses than she originally let on). &lt;p&gt;The revelation could play into Kenny&#39;s hand if shareholders on the fence believe Kenny had no choice but say I do and place a diamond on Merrill&#39;s finger, thus partially absolving him from making the bad to decision to wed the bull. Or, it could be used against him by those who think he should&#39;ve had the stones to stand up to Hank and Ben and the rest of the feds, looking out for his shareholders&#39; interests rather than running scared to the altar. &lt;p&gt;As for the numbers, Kenny did put up some good&amp;nbsp;ones for the first quarter 2009. Though, today it&#39;s been leaked that BofA might not be able to handle the pressure: preliminary results from the U.S. government&#39;s stress tests point to BofA (and others, including Citi) needing more capital, which can&#39;t be good for Kenny&#39;s cause today.&lt;/p&gt;

Derek Loosvelt

Article

Investment Banking Internships for Summer 2027 Are Open: How, When, and Where to Apply

MBA vs. CFA: Which Pays Off More for Banking and Finance Professionals?

How AI is Changing Careers in Banking and Finance

Where the Vault Fintech 100 Firms Are Headquartered

The Library