Showdown in Charlotte
Bank of America's annual shareholders' meeting kicked off this morning in Charlotte and plenty of angry people turned up for the occasion, not surprisingly. With the bank's CEO, Ken Lewis, hanging on to his job by a thread, he did his best to try and justify Bank of America's numerous missteps in recent months. But he appeared to get a little testy, too. When one person asked him why BofA didn't disclose the extent of Merrill Lynch's problems when it acquired the bank, he refused to answer the question. "I can't because of litigation. You're probably one of them... So if you'd like to hear more, withdraw your lawsuit." Alas, no word yet on whether attendees were further outraged for having been denied free coffee. [Dealbook]