Last week's BofA shareholder meeting protests pave the way for another upcoming extraordinary event: the DNCShareholder meetings can be routine, unless you are Bank of America, in which case it may be declared an "extraordinary event." That is what the city of Charlotte, N.C., called the bank's shareholder meeting last week. Bank of America is currently the second-largest bank in the U.S. (after JPMorgan Chase), claiming more than $2 trillion in assets.
“Bank of America, Bad for America” went the chant of protesters outside of the Charlotte headquarters with a large ball and chain marked with the word “DEBT” sitting it the background. Meanwhile shareholders piled into the annual meeting that serves as a formality of transparency for publicly traded companies .
This week, I was given the opportunity to travel to Charlotte, NC for Bank of America’s annual shareholders meeting. In the last month or so, activism has moved to another level by utilizing corporate rules in order to gain entry into the once a year affair with people buying a single share or standing in as proxies for another party.
On Wednesday, around a thousand protesters rallied outside the bank’s annual meetings in Charlotte, North Carolina, brilliantly rebranding the event “Bank vs. America.” The demonstration was remarkable in uniting people across a wide range of issues. As Laura Gottesdiener wrote at Waging Nonviolence, protesters are targeting the bank for
On Wednesday, a group of over 50 National People's Action leaders dominated the Bank of America shareholder meeting in Charlotte, NC, for what turned into a 2.5 hour barrage of questions and comments directly aimed at the bank's CEO, Brian Moynihan.
Following several comments from shareholder activists related to the banks abusive practices, Mr. Moynihan stated, "I understand. I live by the 'Love your neighbor maxim."
Massive Protests at BofA Shareholder's Meeting To Demand An End to Foreclosures, Tax-Dodging and Environmental Damage
On Wednesday May 9th, hundreds of people from a broad coalition of workers, seniors, families fighting foreclosure, students, the unemployed, environmentalists, and more converged in Charlotte - the Wall Street of the South - to protest Bank of America’s annual shareholder meeting.
Huffington Post: Bank of America Targeted By Protesters And Investors As SEC Weighs Political Spending Rule
WASHINGTON -- As the Securities and Exchange Commission considers requiring corporations to disclose their political spending to shareholders, a coalition of institutional investors and public interest groups are seeking to make next week's Bank of America shareholder meeting a flashpoint for getting corporate money out of politics.
Last Monday, Charlotte, North Carolina's city manager declared Bank of America's annual shareholder meeting taking place this Wednesday an "extraordinary event."
This spring, in coordinated actions across the country, retirees who lost their pensions, families whose homes are underwater, students with impossible debt, the unemployed and underemployed, family farmers, immigrants, vets and more will be knocking on the doors of corporate boardrooms, holding CEOs of major American firms responsible for crashing the economy then turning their backs on their fellow Americans.