Despite a bad year, Bank of America CEO Brian Moynihan gets a 600 percent raise
by Thom Hartmann,posted Mar 29 2012 1:18PM
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.
Listen to me LIVE Monday through Friday from 3 PM to 6 PM.
Republicans in the U.S. House of Representatives have made their point – they hate Obamacare. And, just in case anyone didn't get the message the first 36 times they made that point, they're about to waste even more taxpayer...
It turns out the IRS was investigating conservative organizations seeking tax-exempt status. Duh! And the TSA has been looking at people seeking to get on airplanes. None of the conservative organizations that the IRS was "targeting" were...
The Associated Press has accused the Justice Department of "massive and unprecedented intrusion." That's according to one of the AP's top executives, after learning that the government secretly acquired two months of the news...
It seems that the Republicans won't stop until their attacks over Benghazi are as vicious as the attack in Benghazi. The Republicans would have you believe that the Obama administration altered the talking points on Benghazi out of political...
According to the U.S. Supreme Court, Monsanto has the right to control our food supply. In a unanimous ruling released this morning, the nine Justices sided with the agricultural giant, and held that an Indiana farmer violated Monsanto's...
Yesterday, Republicans in the U.S. House of Representatives postponed all floor votes so they could hold their ninth hearing about Benghazi. Instead of working on any number of pressing issues effecting Americans, Republicans spent nine...
Oh, you crazy Americans! Here you are, obsessed with guns, thinking you need them to stop some leering thug from invading your home and taking everything you have. Truth be told, you don't have to worry about that nearly as much as, say, 20...
Now the abducted women are back with their families. Maybe now people will stop thinking of Cleveland as the butt of jokes and start thinking of it as a really weird and creepy place. This is a story straight out of… wow, I don't think...
Treasury Secretary Jack Lew appears to have the right ideas. But, it doesn't seem like any of our elected leaders are listening. On Monday, Secretary Lew sent letters to members of the House financial services committee, urging them to...
Last year, five major U.S. Banks and 49 state attorneys general agreed on a $25 billion settlement to compensate victims of abusive bank practices and foreclosure fraud. But, according to New York Attorney General Eric Schneiderman, the...
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.