Hundreds protest Bank of America shareholder meeting in Charlotte

Today protesters gathered in cities across the US to mark the Bank of America shareholder meeting in Charlotte, North Carolina. Protesters are challenging the company for what they call unfair mortgage practices, investment in the coal industry and rising executive pay. In Charlotte, a crowd of 500-700 marched outside the meeting and the mostly peaceful rally led to at least four arrests. According to Reuters, shareholders approved a compensation package for Bank of America Chief Executive Brian Moynihan of more than $8 million for 2011, up about three times his compensation the previous year, of about $2 million in 2010. For more, we’re joined by Randy Jackson, national coordinator for Unity, a coalition of grassroots groups from around the country and one of the organizers of today’s actions. Unity is made up of organizations from across the US, including Grassroots Global Justice Alliance, Jobs with Justice, the National Day Laborers Organizing Network, the National Domestic Workers Alliance, the Pushback Network, and the Right to the City Alliance.