Other than looking like he's having serious problems pinching one off, or a 30 foot long snake is wrapped around his lower body forcing all his blood to his head, what's wrong with this picture? Or, rather what's wrong with this statement?
BOA stock tanked, they have some of the worst customer service in the nation and they're still struggling with their debacles in the housing market and this asshole gets a ginormous raise?! Man, I'm in the wrong business. Rabble-B
Bank of America CEO got sixfold raise last year
Wednesday, March 28, 2012
Brian T. Moynihan, the CEO of Bank of America was paid $7.5 million last year - six times what he got in 2010. That's according to an Associated Press analysis of a regulatory filing out Wednesday March 28,2012.
(03-28) 10:19 PDT NEW YORK, (AP) --
The CEO of Bank of America was paid $7.5 million last year — six times what he got in 2010. That's according to an Associated Press analysis of a regulatory filing out Wednesday.
The bank says Brian Moynihan's pay package for 2011 included a salary of $950,000, a $6.1 million stock award and about $420,000 worth of use of company aircraft and tax and financial advice.
It happened in a year when Bank of America stock plunged 58 percent. The bank struggled with lawsuits from investors who had bought securities backed by problematic mortgage loans.
The AP uses a calculation that isolates the value a company's board places on the CEO's total pay package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.
The CEO of Bank of America was paid $7.5 million last year — six times what he got in 2010. That's according to an Associated Press analysis of a regulatory filing out Wednesday.
The bank says Brian Moynihan's pay package for 2011 included a salary of $950,000, a $6.1 million stock award and about $420,000 worth of use of company aircraft and tax and financial advice.
It happened in a year when Bank of America stock plunged 58 percent. The bank struggled with lawsuits from investors who had bought securities backed by problematic mortgage loans.
The AP uses a calculation that isolates the value a company's board places on the CEO's total pay package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/03/28/national/a101904D10.DTL#ixzz1qRXeucJL
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