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Shareholder meetings aren't exactly known for razzmatazz. They're where shareholders vote on things like approving the company's choice of accountant. Well, OK. "This is not the 2002 Winter Olympics or anything like that," Carpenter acknowledged, before rattling off a list of attractions in the area: world-class ski resorts, mountain air, an expanding light rail, low unemployment and a diverse economy. Since the financial crisis in 2008, shareholder meetings have often drawn protesters with placards bemoaning the banks' government bailout loans, foreclosures and high pay. A group called 99% Power planned to caravan to Salt Lake City to protest at Wells Fargo's meeting on Tuesday, but was none too pleased about the change in venue, saying it was just the bank's attempt to avoid them. "You can run, but you can't hide," it said in a statement. Organizers said they weren't sure if they'd be able to persuade out-of-town protesters to come back to Salt Lake City for Goldman's meeting on May 23. JPMorgan Chase has also started spreading around its annual meetings. In 2011, it moved the meeting from New York to Columbus, Ohio. This year, it will be in Tampa, Fla., for the second year in a row. Morgan Stanley had already moved its shareholder meeting out of Manhattan by the time the financial crisis happened. This is the eighth year in a row that it will hold its meeting upstate in Westchester County. Bank of America and Citigroup have been the exceptions. Bank of America has been meeting in its hometown of Charlotte, N.C., every year since 1998. Citigroup has been staying in its hometown of New York City since at least 1994, except for a foray to Dallas last year.
[Associated
Press;
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