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Bank of America has aggressive sales goals perhaps they have to pay that to recruit and keep employees. Most of these large American companies treat there employees like crap this is just a publicity stunt to make them look good to the public.
BofA CEO's pay 15% to $26.5 million after RECORD PROFIT last year
BofA boosts Moynihan's pay to record $26.5 million. Bank of America awarded Chief Executive Officer Brian Moynihan a record $26.5 million for 2018, a 15% increase from a year earlier. Moynihan, 59, received $25 million in stock grants and a $1.5 million salary, the bank said in a filing Friday.
Bank of America has aggressive sales goals perhaps they have to pay that to recruit and keep employees. Most of these large American companies treat there employees like crap this is just a publicity stunt to make them look good to the public.
This may be true or not...but the fact is that many banks and other orgs have come along for the ride and are quickly increasing wages.......
Now, knowing "free market conservatives" they would figure out and tell us why every org doing so (like Costco) are "criminal orgs", but that is too weak of a point to even debate.
If I had to use such "counter-points", I think I'd stay off political forums.....
Let's see - "All churches are criminal.....and every person associated with them" True or False?
"Anyone who uses Chinese equipment on the internet supports communism?" True or False?
And on and on....
Luckily, the facts still exist. AND, the responses from the MAGA crowd show how quickly they turn on a dime when Good News is presented.
It also illustrates why so many support illegal labor in places like Texas and Florida...keeps those wages down...
BOA loser CEO was on tv this morning touting his imbecilic new program to put unqualified people in to houses once again. Using every depositor’s money to fund closing costs and down payments. He also expressed concern that people’s credit scores are going DOWN because they aren’t paying debt, but, hey, everyone deserves a mortgage.
Maxine Waters and co. are putting pressure on banks for higher wages and creative financing. We’ll see how that turns out.
BofA CEO's pay 15% to $26.5 million after RECORD PROFIT last year
BofA boosts Moynihan's pay to record $26.5 million. Bank of America awarded Chief Executive Officer Brian Moynihan a record $26.5 million for 2018, a 15% increase from a year earlier. Moynihan, 59, received $25 million in stock grants and a $1.5 million salary, the bank said in a filing Friday.
Win Win is what real business people like myself call that.
I can promise that the sum total of the additional money given to employees will make that seem tiny.....a quick calc just for fun...
210,000 Employees at BOA.....
Say that 100K of them are lower level (probably more!) and that they get a $5 per hour average increase over a couple years.
That's 10K per year each - or ONE BILLION DOLLARS. Being as even the salary given above is not excessive at all for a corporate head, I rate your Statement "Misleading"...
Now - if you want to talk excess money - we can discuss health care and the CEO with the 800 Million dollar retirement fund. That money is paid by you and I as excess costs.
1. It was PNC bank
2. It was a 6 months drive alone out in the drive-in window.
3. It was air-conditioned.
Heck, you are on the "criminal org" internet using Commie Chinese murderer equipment, right?
No, I'm certain that in your mind it is somehow reconciled...
Relax. We all have our crosses to bear.
I throw stones and take them as well.
To the crux of the matter...
You can pay people X,Y,Z and none of it matters if the employer is part of the apparatus that restricts/controls currencies.
It's like a coal outfit in a company town circa 1905 giving their employees a big raise.
Great!
But then you realize that you can only use their currency in their stores in town and they set the prices.
At the very least those folks didn't have to work in the factories. I have to use U.S. currency or face a cage. I'm in BOA's company town.
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