It’s not really a full-on BOOT, because he retains the CEO position, but AP is reporting that Ken Lewis is no longer Bank of America’s Chairman of the Board:

CHARLOTTE, N.C. (AP) — Ken Lewis has been ousted as chairman of Bank of America Corp. after shareholders angry about the company’s acquisition of Merrill Lynch & Co. voted to separate that job from that of the bank’s chief executive.

Lewis will remain the CEO of the bank, but board member Walter E. Massey will become BofA’s chairman.

Shareholders narrowly voted to split the job following months of rancor over the Merrill acquisition. After the deal was sealed Jan. 1, Merrill reported $15 billion in fourth-quarter losses.

The vote came after an angry four-hour annual meeting Wednesday.

In a way, this works out well for us here at LOLFed, because he’s been effectively censured but we’ll still have him to kick around for a bit. I think we were actually expecting this vote to go the other way around, to be honest.