Brian T. Moynihan has been the CEO of Bank of America since January 2010. He is a guy who climbed the corporate ladder after starting his career at FleetBoston Financial in 1993. Before leading the bank, he managed Global Banking...
Brian T. Moynihan has been the CEO of Bank of America since January 2010. He is a guy who climbed the corporate ladder after starting his career at FleetBoston Financial in 1993. Before leading the bank, he managed Global Banking and Wealth Management, and even served as General Counsel. Under his direction, Bank of America has focused on what he calls "Responsible Growth," making sure they balance profitable growth with ethical practices. Notably, Moynihan has a big stake in the company—he owns over 2.3 million shares, worth about $78 million. This shows he believes in the bank's potential. In terms of pay, his 2023 compensation package was $29 million, but it's interesting to point out that he doesn’t take cash bonuses at all, aligning his earnings with the company’s long-term success instead. His strategies aim for steady and sustainable growth, which is crucial in the fast-changing banking world. Moynihan is a graduate of Brown University and holds a J.D. from the University of Notre Dame, reflecting a background that mixes finance and law effectively.