For, Lo, Thine Enemies Make A Tumult

Abby Zimet

Angry shareholders
ousted Kenneth Lewis as chairman of Bank of America, but narrowly voted to keep him on as chief executive. During a four-hour meeting, speakers blasted Lewis for his ill-advised purchase of Merrill Lynch, questioned the bank's billions in bonuses and bailouts, cited Psalm 83, and suggested Lewis give away a $10 million salary he clearly didn't deserve. Still, he remains head of the board. To fire him from that job too, go here.

"This is an unambiguous vote of no confidence," said Campbell Harvey, finance professor at Duke University. "Shareholders were able to turn the tide here."


This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Share This Article

More in: