Your Source for NPR News & Music

Bank Of America CEO Recieves Hefty Raise

Your browser doesn’t support HTML5 audio

RENEE MONTAGNE, HOST:

NPR's business news starts with a jumbo raise.

(SOUNDBITE OF MUSIC)

MONTAGNE: A new regulatory filing by Bank of America shows its CEO received quite a raise last year. Brian Moynihan got nearly a 75 percent increase in 2012 - a pay package valued at more than $12 million. The previous year he was paid a measly $7 million.

B of A's stock has been performing well, but analysts say the bank still faces issues from the financial crisis. Transcript provided by NPR, Copyright NPR.

  • Facebook
  • Twitter
  • LinkedIn
  • Email
Related Stories
  1. Texas charging another large group of migrants with “riot participation”
  2. El Pasoans catch glimpse of solar eclipse
  3. Texas criminally charges more than 200 migrants involved in alleged “riot” at the border
  4. Lebanese migrant allegedly tied to terrorist group appears in federal court with a black eye