Thread regarding Bank of America layoffs

Bank of America boosts CEO Moynihan's pay 23% to $16 million.... Thoughts?

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| 1131 views | | 6 replies (last February 28, 2016) | Reply
Post ID: @OP+FU0qMJ1

6 replies (most recent on top)

He got paid for us to carry that back pack of rocks up to him. Little did we know if was full of his bullshit

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Post ID: @gcbn+FU0qMJ1

We get our measly 2% even though we had the best year this decade and they get 23%? I work way too hard, time to start using my 10 sick days!!

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Post ID: @eozh+FU0qMJ1

So stupid. But we are giving away hundreds of thousands of dollars to people doing mortgages since TRID due to the great upgrades done to the system.

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Post ID: @1bcg+FU0qMJ1

23 mill could buy a lot of color print cartridges. Probably a better return on investment at that.

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Post ID: @1xnx+FU0qMJ1

Today we had a huddle and the big announcement from some clown who reports directly to Mr Moynihan was that "under no circumstances is anyone to use color printers" as the cost of color printer cartridges is extremely high compared to standard black and white, as going forward we are now watching all expenses. Its hysterical that an executive gets paid huge bucks to make a ridiculous statement like that.....I wonder if that was a six sigma project LOL. Pretty pitiful that the company we break our ass for has such a low stock price. I guess Mr Moynihan's increase is justified ....

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Post ID: @1enn+FU0qMJ1

He's doing a great job, well worth it. Didn't you get a 23% raise for your exceed exceeds rating? I know I sure did /sarc. 23% raise for a > 23% haircut on the stock price year to date. Seems shareholders have expressed supreme vote of confidence in his leadership, can't find enough stock to satiate their overwhelming demands to buy into this companies long term trajectory for responsible growth. Clearly everyone is convinced the sky is the limit for this bank's earnings power under his leadership. But, wait, he doesn't care about the stock price, that's right. He has no control in the price discovery of the stock market. He's just making sure we can grow responsibly. Course, that might translate to losing money in the end, but hell, at least we lose responsibly. No excuses. Look on the bright side, if he's getting 23% you know the folks sitting round the table giving him status updates are pretty close to same.

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Post ID: @1cim+FU0qMJ1

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