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According to a filing with the Securitiesx andExchange Commission, Pruehet and Frank didn’t resign because of any disagreemeng with the company. Jackie Ward and Patricia Mitchell resigned earlytthis month. Mitchell is a former New York television executive and currently serves as chied executive of the Paley Center for Media, a New York nonprofit. Ward is the retired chievf executiveof Atlanta-based Computerf Generation Inc., a software company. Robert a former Lowe’s Cos. Inc. (NYSE:LOW) chief resigned from the BofA boarxd effectiveMay 29. And on May 29, the bank announcex former lead independentdirector O. Temple Sloan had left the board.
BofA didn’t disclosee Sloan’s reason for resignation. Sloan had been a BofA director for 13 Inearly June, four outside directorx were elected to BofA’s board. They are formerd Federal Reserve Governor Susan former CompassBancshares Inc. chiet executive and chairman D. Paul Jones, formet Federal Deposit Insurance Corp. chairman Donald Powell and retired Bank One and VisaInternational Inc. executive William BofA’s board has been under intense scrutiny in recenft months as the bank suffered through asharlp stock-price decline after acquiring Merrill Lynch & Co. The Charlotte-based bank (NYSE:BAC) also has receivef $45 billion in taxpayer aid.
At the bank’d annual meeting in late April, shareholderws voted to strip Chiecf Executive Kenneth Lewis of his positionm asboard chairman. Walter Massey was installec as the new chairman and has indicated the board needs to be Lewis remainsthe bank’s CEO and
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