Thousands of protesters gathered outside Bank of America’s Charlotte, North Carolina headquarters throughout the day today, protesting the bank’s involvement in the financial crisis, its shady foreclosure practices, and its financing of destructive environmental projects. At least four protesters were arrested for crossing police lines during the protests, which otherwise remained largely peaceful, according to reports.
The protesters also “foreclosed” on Charlotte’s Bank of America Stadium, the home of the National Football League’s Carolina Panthers and the site of the 2012 Democratic National Convention. Protesters who owned Bank of America shares were refused entry into the bank’s annual shareholder’s meeting, much as Wells Fargo protesters were at its annual meeting last week.
Inside the meeting, disgruntled shareholders forced votes on various proposals, most of which were rejected by executives. Bank of America CEO Brian Moynihan’s compensation package, which sextupled to more than $7.5 million despite the fact that the bank’s stock price was cut in half in 2011, was overwhelmingly approved.