Florida voted 21.7 million shares ‘against’ BofA board structure change

Florida pension officials said Friday they have voted 21.7 million shares of Bank of America Corp stock “against” bylaw changes that allowed the bank to combine its chairman and chief executive roles.

The Charlotte, N.C. bank is holding a vote Sept 22 to ratify the bylaw changes, which drew objections from critics who said they ignored a 2009 shareholder vote to separate the two leadership roles.

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