Deals
Bicycle-Riding Bank Antagonist Naylor Scores Two Proxy Proposals
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Bank of America Corp. and Citigroup Inc. shareholders will have two divisive proposals up for vote this year thanks to one man.
Bartlett Naylor, 59, who commutes by bicycle 16 miles a day as a financial policy advocate for Washington-based Public Citizen, filed a proposal to compel Bank of America to consider breaking into two parts. He also got a proposal to weigh decade-long deferrals for executive pay onto Citigroup’s proxy.