Bank of America boosts CEO Brian Moynihan's pay 15% to $26.5 million after record profit last year

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Moynihan is the latest bank CEO to disclose a pay raise for 2018. Bank of America benefited last year from the corporate tax cut, rising interest rates and Moynihan's efforts to cut costs.

Source: Loan Digest (loandigest.net)

 

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3.50 per ATM transaction I bet they made a big profit

Much deserved. Not.

But we still are getting 1% interest a year on our savings.

Last las e be like say 9 - 5 dey pay but not in this economy

Fun Fact about working at Bank of America We had a $500/mo budget per branch for supplies We had to shake toner cartridges to make them last. We had to 'pay' for the new acct materials needed to open accts we had to sell Brian Moynihan Made $26.5 million though 🙄🙄🙄

Fun Fact About Working At Bank of America: CEO Brian Moynihan 2018: $12,740.38/hr + bonuses Myself (Relationship Manager) 2018: $18.90/hr + bonuses that were 'garnished' due to customer dissatisfaction which we have no control over (closing branches, short hours, fees, etc)

Ridiculous!!! Stock price has been in a narrow range for years and dividend sucks, but he deserves a huge raise

Nice! I wish I were him

Thank you tax cuts! Stock buybacks and increased profits that shifts to the executives.

Disgusting excess .. time to raise min wage & then all positions will pay more & stop making a few overly greedy

Ridiculous amounts, a disgrace!

Oh good I was worried about him

Record profit but the stock is a dog!!

And the stock is only trading at $28 - I remember when it was in the $40-50 range notworthit

Everyone needs to remember this when they do their taxes. When you ask yourself how in the hell do inowe this year? This is how. That tax cut was NOT for us. We got a tax increase while the 1% laughed all the way to the bank (pun intended) GOPTaxScam GOPTaxScamStories

Wow the twelve dollar fees are working 😂😂😂

Best money you can make without knowing how to hit a curve ball.

He did better than Jamie Dimon.

And their customer service still sucks.

So relieved to know he won't be at a food pantry line need welfare assistance. Ever.

BankofAmerica total fraud... keeping check on hold... when they received money from check issuing bank... earning interest on customers money. timetochangeBOA

Wow, it only took ten years this time for history to repeat itself!

that's why they need to be taxed more.

Insanity!!

And gave employees nada... What a great middle class TaxScamBill

And this is a big reason the market is in for a big downtrend. The banks making magic money out of everyone else's money by lending it out, High political risk, and the main reason is the cycle is due for a makeover after all these same garbage people got bailed out in 2008.

This is what's wrong with corporate America. Unbelievable

We wonder what is wrong with corporate America. Complete joke and over payment. Under the best of circumstances he should maybe get $5-10 million..

Eat the rich

How about boosting the stock

Wtf!

smh

throw him in Prison like the Nissan Renault CEO

Such greed. Aren't CEOs making enough money. Don't you get enough money with the stock holdings you own. Why not spread that extra pay to other employees in the company that actually need it.

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