Bank of America CEO Gets Big Pay Raise

[Julian Englis]

Source: CNBC

Bank of America gave its CEO a pay package worth $7.5 million last year, six times as large as the year before. It happened while the company's stock lost more than half its value and the bank lost its claim as the biggest in the country.

The package for CEO Brian Moynihan 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.

The figures are according to an Associated Press analysis of a regulatory filing Wednesday. In 2010, Moynihan's pay package totaled $1.2 million.

The board said the stock award to Moynihan was justified because the bank turned a profit after losing money in 2010, and because it ended the year with a stronger balance sheet.

Read more: http://www.cnbc.com/id/46887455

[rfranklin]

1. Turned a profit on free Fed moola...

Not hard to do when you then loan it out at 39%!

[unkachuck]

2. "...pay package worth $7.5 million last year, six times as large as the year before."

....'too big to fail' must mean the party's still on!

....the feds give our money to the banksters and they gamble with it....if they win, it's bonus time then pocket the winnings, if they lose, it's bonus time then send us their tab....

....that bankster's receiving $3600 an hour?....what could these slimy banksters be doing that's worth $3600 an hour?

[aquart]

3. I want his pic on poster. "Is this man worth $3600 an hour?"

[emilyg]

4. I emailed him once and

asked for my over-draft fees to be reversed. He did it.

[HughBeaumont]

5. Let's not forget the imminent 30,000 layoffs . . .

http://abcnews.go.com/Business/bank-america-layoff-30000-workers/story?id=14500577

Bastard Moynihan can receive multiple asskissings from his CNBC promoters/fluffers all he wants. He's still a bastard.

[bluedigger]

6. They forgot to add, "We had to because no one else would take the job".

[sarcasmo]

7. Sick!