Despite a bad year, Bank of America CEO Brian Moynihan got a 600% raise
by Thom Hartmann
March 29, 2012
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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