The Christian Science Monitor
Proposal 6 of the proxy statement for this week’s annual meeting at Bank of America reads like many proposals routinely pushed by progressive shareholders. It calls for the bank to split the CEO and board chairman positions between two people rather than concentrating power in the hands of a single person.
Nearby on the ballot were other proposals from outsider shareholders to curb fossil-fuel loans and to examine racial equity in the bank’s operations.
But Proposal 6 didn’t come from progressives.
