Bank of America CEO Brian Moynihan’s stock bonus nearly doubled this year, to $11 million

[Fire Walk With Me]

via Occupy Fights Foreclosures and Casa Perez.

http://www.charlotteobserver.com/2013/02/19/3864990/bank-of-america-ceo-brian-moynihans.html

Bank of America CEO Brian Moynihan’s stock bonus nearly doubled this year, to $11 million, reflecting a steep share price rise and the board’s apparent confidence in Moynihan’s progress on the bank’s legal issues and capital position.

And going forward, he’s getting a base salary increase as well: to $1.5 million from $950,000, according to a person familiar with the matter.

This year’s stock grant, disclosed in a securities filing Tuesday, is a sharp increase from the $5.9 million in stock awarded in February 2012, back when shares were trading close to $8. Bank of America’s stock was the best performer in the Dow Jones Industrial Average by the end of the year, and shares closed at $12.19 on Tuesday.

Stock grants for Bank of America’s other top executives remained more steady. After two years of being the bank’s top stock award earner, co-chief operating officer Tom Montag received a grant worth about $8.2 million. His counterpart, Charlotte-based David Darnell, received a grant worth $5.2 million.

(More at the link.)

[msongs]

1. meanwhile their savings accounts pay 0.01% interest = .0001 cents per dollar!!! so if

you have an account with $35K in it they are just paying $3.50 a year not compounded

[dtom67]

2. more "winners"...

Another example of how we have failed to progress socially. What good does this guy do for the human tribe?

None.

I don't have enough time left on my lunch break to list all the Ill he and his company does ...