© 2021 WFAE
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Bank Of America CEO Recieves Hefty Raise

RENEE MONTAGNE, HOST:

NPR's business news starts with a jumbo raise.

(SOUNDBITE OF MUSIC)

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.