Tuesday, March 27, 2012

1,000 protesters expected for BofA's annual meeting

Protest groups are planning to send more than 1,000 people to Charlotte in May to protest Bank of America during its annual shareholders meeting.

The May 9 meeting will bring investors and executives of the nation's second-largest bank to Charlotte to elect directors and vote on compensation.

A number of groups affiliated with the "99 percent movement" plan to use that as a platform to protest the bank, according to an announcement made Tuesday.

“People from all walks of life are planning to travel to Charlotte to protest Bank of America because they are fed up with the company putting profits before the health of our communities,” Amanda Starbuck, director of the Rainforest Action Network’s energy and finance campaign, said in a statement. RAN protests the bank's financing of coal projects.

Two other groups -- The New Bottom Line and Pushback Network -- that oppose the bank's foreclosure practices and other activities also plan to send protesters.

In January, several of these groups promised a "spring of discontent" in the weeks leading up to the meeting. The groups have protested the bank numerous times in the past few months. One in November led to eight arrests.