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Despite a bad year, Bank of America CEO Brian Moynihan gets a 600 percent raise

by Thom Hartmann posted Mar 29 2012 1:17PM
Most CEOs who watch their corporation’s stock value drop in half get fired, or at the very least take a pay cut.  But not if you’re a bankster.  Bank of America CEO Brian Moynihan was given a big fat check for $7.5 million in 2011 – a 600% increase from the year before – despite the fact that Bank of America’s stock dropped 58% over the year.

Not to mention – Bank of America had to pay out $335 million in a settlement against charges that it discriminated against minority homeowners – and is currently hard at work blocking mortgage aid for its customers.  All the things that would get a guy fired on Main Street – is just business as usual on Wall Street…and even gets banksters a raise.

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Topics : Business_Finance
People : Brian Moynihan
03/29/2012 1:17PM
Despite a bad year, Bank of America CEO Brian Moynihan gets a 600 percent raise
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