Bank of America's embattled CEO, Kenneth Lewis, may have to give up the post of chairman as shareholders hold a referendum on his eight-year tenure as head of the largest U.S. bank.
At the bank's annual meeting on Wednesday, Lewis is likely to be re-elected to the board by a wide margin, but the vote on a shareholder proposal to have the bank appoint an independent chairman is likely to be close, The Wall Street Journal said.
Should Bank of America's shareholders remove Ken Lewis?
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