BofA's (BAC) Moynihan Nixes Broker Pay Cut Plan; Thinks Competitiveness Will Suffer
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BofA's (BAC) Moynihan Said to Block Broker Pay Cut
December 19, 2012 4:33 PM ESTBank of America (NYSE: BAC) CEO Brian Moynihan is said to have blocked a proposal to cut brokers' pay, according to headlines out late Wednesday.
The proposal was made by the Board to offset the costs of bonuses. Under the proposal, a... More
