It's Time To Pay Up! Time to Fire Ken Lewis of Bank of America
It's Time To Pay Up! Time to Fire Ken Lewis of Bank of America
The Issue
http://act.truemajorityaction.org/p/7002/bluepetition?petition_KEY=118
Sign a proxy card demanding that Ken Lewis be fired, and that Bank of America support a fair finance system for us all.
We didn't cause this economic crisis-but we sure are paying the price for the banks' mistakes. The biggest and baddest bank is Ken Lewis' Bank of America. With loans, credit cards and other products to almost half of all Americans, they played a central role in creating this recession - but have come out smelling like a rose.
B-of-A has survived because they took $45 billion in taxpayer bailouts, making us the single largest shareholders of the bank1 - and that gives us a chance to change their ways. So Service Employees International Union (SEIU), a big national union, and other progressive groups are forming a huge coalition to take down Ken Lewis.
Sign a proxy card demanding that Ken Lewis be fired, and that Bank of America support a fair finance system for us all.
http://act.truemajorityaction.org/p/7002/bluepetition?petition_KEY=118
We're not alone in calling for a new direction for the Bank of America: two big investment firms, major unions and others all want him fired2. And the reason is simple: Lewis oversaw some of the worst decisions on wall street including billions in bonuses for top executives, huge layoffs for employees, and a $35 million salary for Ken Lewis himself - despite having run his company into the ground3.
President Obama's team was on television this weekend talking about how to use the money we've invested in failing banks to build a new foundation for our economy. But that action could take years. We need to send a clear message of change right to the banks' governing boards4.
If we can convince Bank of America to fire Lewis and change it's ways, it will send a powerful message to the rest of Wall Street that with taxpayer bailouts comes accountability.
Sign the petition to fire Bank of America's CEO and set a new direction for Wall Street.
-Matt
Matt Holland
Online Director
TrueMajority / USAction
2 - tradingmarkets.com/.site/news/Stock%20News/2278014/
3 - money.cnn.com/2009/02/20/news/companies/boa.merrill.reut/index.htm
dealbook.blogs.nytimes.com/2009/04/20/lewis-sings-praises-of-merrill-and-countrywide-deals/
4 - nytimes.com/2009/04/20/business/20bailout.html?partner=rss&emc=rss
http://act.truemajorityaction.org/p/7002/bluepetition?petition_KEY=118
Taxpayer Proxy
Bank of America's annual shareholder meeting is next Wednesday, April 29. The American taxpayers have given Bank of America and its subsidiaries $45 billion in bailout money, making us one of the largest stakeholders in the company. Yet Bank of America CEO, Ken Lewis, is calling for business as usual, continuing the policies and practices that helped crash our economy.
The American people deserve better.
That’s why I’m voting to Take Back the Economy by ratifying the following Taxpayer Stakeholder Proposals:
Fire CEO Ken Lewis, who has helped destroy the bank and our overall economy; Commit to real financial reform and regulation; Stop consumer abuses that hurt our communities, like skyrocketing fees and predatory lending; Support bank workers’ voice on the job to protect consumers and improve living conditions and wages by supporting the Employee Free Choice Act; and Provide affordable quality health care to employees so they do not have to rely on taxpayer-funded public health programs.
The Issue
http://act.truemajorityaction.org/p/7002/bluepetition?petition_KEY=118
Sign a proxy card demanding that Ken Lewis be fired, and that Bank of America support a fair finance system for us all.
We didn't cause this economic crisis-but we sure are paying the price for the banks' mistakes. The biggest and baddest bank is Ken Lewis' Bank of America. With loans, credit cards and other products to almost half of all Americans, they played a central role in creating this recession - but have come out smelling like a rose.
B-of-A has survived because they took $45 billion in taxpayer bailouts, making us the single largest shareholders of the bank1 - and that gives us a chance to change their ways. So Service Employees International Union (SEIU), a big national union, and other progressive groups are forming a huge coalition to take down Ken Lewis.
Sign a proxy card demanding that Ken Lewis be fired, and that Bank of America support a fair finance system for us all.
http://act.truemajorityaction.org/p/7002/bluepetition?petition_KEY=118
We're not alone in calling for a new direction for the Bank of America: two big investment firms, major unions and others all want him fired2. And the reason is simple: Lewis oversaw some of the worst decisions on wall street including billions in bonuses for top executives, huge layoffs for employees, and a $35 million salary for Ken Lewis himself - despite having run his company into the ground3.
President Obama's team was on television this weekend talking about how to use the money we've invested in failing banks to build a new foundation for our economy. But that action could take years. We need to send a clear message of change right to the banks' governing boards4.
If we can convince Bank of America to fire Lewis and change it's ways, it will send a powerful message to the rest of Wall Street that with taxpayer bailouts comes accountability.
Sign the petition to fire Bank of America's CEO and set a new direction for Wall Street.
-Matt
Matt Holland
Online Director
TrueMajority / USAction
2 - tradingmarkets.com/.site/news/Stock%20News/2278014/
3 - money.cnn.com/2009/02/20/news/companies/boa.merrill.reut/index.htm
dealbook.blogs.nytimes.com/2009/04/20/lewis-sings-praises-of-merrill-and-countrywide-deals/
4 - nytimes.com/2009/04/20/business/20bailout.html?partner=rss&emc=rss
http://act.truemajorityaction.org/p/7002/bluepetition?petition_KEY=118
Taxpayer Proxy
Bank of America's annual shareholder meeting is next Wednesday, April 29. The American taxpayers have given Bank of America and its subsidiaries $45 billion in bailout money, making us one of the largest stakeholders in the company. Yet Bank of America CEO, Ken Lewis, is calling for business as usual, continuing the policies and practices that helped crash our economy.
The American people deserve better.
That’s why I’m voting to Take Back the Economy by ratifying the following Taxpayer Stakeholder Proposals:
Fire CEO Ken Lewis, who has helped destroy the bank and our overall economy; Commit to real financial reform and regulation; Stop consumer abuses that hurt our communities, like skyrocketing fees and predatory lending; Support bank workers’ voice on the job to protect consumers and improve living conditions and wages by supporting the Employee Free Choice Act; and Provide affordable quality health care to employees so they do not have to rely on taxpayer-funded public health programs.
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Petition created on April 21, 2009