$12.1 Million from $7 Million: Bank Of America Chief Brian Moynihan Gets 73 Percent Raise In 2012

Bank of America Stealing Homes

Bank Of America Chief Brian Moynihan Gets 73 Percent Raise In 2012

* CEO’s pay increases to $12.1 million from $7 million on bigger stock grants

* 2013 salary will increase to $1.5 million from $950,000

* Some of stock grants are performance-based

By Rick Rothacker

Feb 19 (Reuters) – Bank of America Corp Chief Executive Brian Moynihan’s pay increased 73 percent in 2012 from the previous year to $12.1 million, as the bank gave him a bigger package of stock awards.

The second-largest U.S. bank gave Moynihan a raise when other CEOs on Wall Street received a pay cut, after Bank of America’s stock soared in 2012 and it made progress in resolving lawsuits from the financial crisis.

Moynihan received 926,238 shares of stock in three types of grants, including restricted shares and performance-based shares, according to a regulatory filing on Tuesday.

Moynihan earned a $950,000 salary in 2012, but received no cash bonus, similar to 2011, a person familiar with the situation said. The CEO’s 2013 salary will increase to $1.5 million, the person said.

The stock grants for 2012 were worth $11.1 million at the closing price of $12.03 on Friday, the date they were awarded. Moynihan received grants worth about $6.1 million for 2011.

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Comments
6 Responses to “$12.1 Million from $7 Million: Bank Of America Chief Brian Moynihan Gets 73 Percent Raise In 2012”
  1. charley rice says:

    PUT that 3rd party 2008 TARP BAILOUT CEO in jail!

    And stop rubbing the people noses with this Wrongful foreclosure king.

    Who didn’t loan anybody NO money because under Title 12 bank are NOT allowed to loan its money or its credit because its against their charters.

    So if they didn’t lend YOU the money then their NOT the damaged party…

    “YOUR SIGNATURE CREATED THE MONEY…”

    Then they can’t foreclose…

    Only the LENDER on YOUR the Deed of Trust instrument aka “DOT” contract HAS the ONLY right to foreclose. YOU can’t pay money to a bank that has been long gone, who has CANCELLED your DOT contract.

    IF THAT LENDER IS OUT OF BUSINESS; THEN YOU HAVE A DEFECTIVE DOT INSTRUMENT FOREVER…

    “THE LAW DEALS WITH CONTRACTS, AND NOTHING ELSE!”

    WAKE UP PEOPLE, TO THEIR CON of DECEPTION OF BEING MISLEAD BY ALL OF THEM FICTION CORPORATIONS who are keeping you in the dark…

    YOU DON’T OWE THEM NOTHING!

    These banks ARE IN VIOLATION OF THE NATIONAL CURRENCY ACT of 1863!

    GOOGLE the REAL LAW that they are TRYING TO HIDE FROM YOU.

    THEY & THE COURTS, JUDGES ALL HAVE NO STANDING, JURISDICTION ON A DEFECTIVE INSTRUMENT….

    SEND THEM ALL TO JAIL FOR CONSPIRACY OF GRAND THEFT…

    SPREAD THE WORD COPY AND PASTE THIS TRUTH AND SEND TO ALL!

    • Charley…YOU ARE SOOOO RIGHT. People need to wake up..make copies of what you wrote..pass it on to others…I am fighting and helping my daughter with her foreclosure and so far so good..but if it comes down to any bullshit thru the courts, I am ready with my ammo of facts…I am throughly sick of what has gone on this far ……….

  2. leapfrog says:

    Isn’t it lovely to see FAILURE and CONTROL FRAUD unjustly and grossly rewarded?

  3. TheHutMaster says:

    Here is PROOF, that crime not only pays, it will reward you with a 5+ Million pay raise. I feel lunch comming up, does anyone have some water?

    • HutMaster…..ALL I can say or ask..Why are bank robbers put in prison…they are only taken back what the banks took thru criminal acts themselves…this country needs to do what Bulgaria did..hit the streets and demand rights…it worked…their government all resigned…I feel it’s time people need to stand and start demanding…years of this bullshit needs to end…The longer it goes, the worse it gets…they have pushed this criminal crap to far…Time we take some action….

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