1. Here’s Why BofA CEO Moynihan Probably Keeps His Chairman Title

    Here’s Why BofA CEO Moynihan Probably Keeps His Chairman Title

    If Bank of America Corp.’s biggest shareholders are any indication, Chief Executive Officer Brian Moynihan probably will be allowed to remain chairman...

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    1. Bank of America ultimately prevails because when the largest shareholders look at the issue, they will likely conclude that the very real risk of disruption from separating the roles is not worth the theoretical benefits that may come.
    2. It's a tough battle for anyone who thinks this should be declined.
    3. We generally consider the designation of a lead independent director as an acceptable alternative to an independent chair
    4. I don't think this is an ordinary vote.
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