Bank Of America CEO Recieves Hefty Raise

Feb 20, 2013
Originally published on February 20, 2013 9:41 am
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NPR's business news starts with a jumbo raise.


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.