Bank of America 2006 Annual Report Download - page 11
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Through the Foundation’s flagship
program, the Neighborhood Excellence
InitiativeTM, we have donated nearly
$50 million over the past three years
and are pioneering a new approach
to corporate giving — marked by
a focus on local priorities, funding
flexibility and leadership develop -
ment — through which we not only give
more, but we also give more effectively.
All these programs and resources are
managed in cooperation by leaders at the corporate and local
levels, to ensure we are maximizing the impact of our work in
all the neighborhoods we serve.
For more information on all our programs supporting the
environment and our communities, I encourage you to visit our
Web site, www.bankofamerica.com.
Opportunity and leadership. All we do to create opportunit y
for customers, shareholders and communities is made possible
through the hard work and leadership of our associates.
One of our longtime leaders is leaving our company early
this year — Al de Molina, who served as our chief financial
officer through the end of 2006. Al served our company well
for 17 years in a variety of leadership roles, and as CFO made
great strides in bringing more transparency to our earnings
and operations for investors.
Stepping into the CFO role is Joe Price, a 14-year asso-
ciate of the company. We are extremely fortunate to have
had someone like Joe in the wings to take on this new
challenge. Joe’s broad experience in the company includes
service as our general auditor, leadership of the Consumer
Finance business, key roles in Finance, and service as Risk
executive for GCIB. Joe is straightforward, smart and has an
incredible work ethic. I am confident he will serve the company
well in his new role.
We have one departure from our board of directors this
year: Paul Fulton, chairman of Bassett Furniture Industries in
Winston-Salem, North Carolina, who is retiring after 14 years
of dedicated service. Paul brought tremendous experience and
insight to the leadership of our company over the years, and
I appreciate all his counsel and guidance to me and to
former leaders of our company. We wish Paul all the best in his
future endeavors.
As we begin 2007 with a fresh commitment to creating
opportunity in all we do, I want to again thank our customers,
our shareholders and the communities for their partnership
and their trust. And I’d like to thank all our associates and
directors for the hard work and leadership that enables
us to achieve our goals. I look forward to all we’ll achieve
working together in 2007 and, as always, I welcome your
thoughts and suggestions.
SUPPORTING
COMMUNITIES
On track to
exceed 10-year
goal of $1.5 billion
in giving through
the Bank of
America Charitable
Foundation
KENNETH D. LEWIS
CHAIRMAN, CHIEF EXECUTIVE OFFICER
AND PRESIDENT
MARCH 17, 2007
Bank of America 2006 9
’06
Dividends
Paid Per
Share
’05
’04 $1 . 70
$1 . 90
$2 . 12