Reported 2 days ago
Bank of America has announced a 21% increase in CEO Brian Moynihan's compensation for 2024, raising it to $35 million from $29 million in 2023. This comes on the heels of strong fourth-quarter profits and predictions for increased interest income in 2025. Additionally, the bank will distribute stock to most global employees and is expected to increase its bonus pool for investment bankers by 10%.
Source: YAHOO