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Demonstrators targeting BofA annual meeting

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Demonstrators are expected to swarm Bank of America Corp's annual shareholder meeting on Wednesday to voice anger over a range of issues from foreclosures to corporate taxes to financing for the coal industry.

The meeting, held in the bank's headquarters city of Charlotte, North Carolina, has drawn protesters in the past, but advocacy groups operating under the name 99% Power are predicting much bigger crowds this year. Inside the meeting, stockholders will vote on the bank's executive pay plan, elect directors and get a chance to voice their opinions to Chief Executive Brian Moynihan.

"Shareholder season is one of the only times of the year when everyday people can go face-to-face with the most powerful corporate decision makers in the country," said Amanda Starbuck, of the Rainforest Action Network, an environmental activist group that is part of the coalition.

Reuters
Rick Rothacker
Wednesday, May 9, 2012

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