Allison Southwick interviews Fool contributor John Maxfield and asks him the $12 million question: does Bank of America's (BAC +0.41%) CEO deserve his 73% pay raise? Maxfield's answer is an emphatic yes. Maxfield cites Brian Moynihan's success navigating the bank's morass of toxic mortgages and million-dollar lawsuits. He goes on to praise Moynihan for being a traditional banker who will cleanse the bank of noncore businesses, who plans to distribute capital to shareholders once allowed to, and who has forsworn future acquisitions.
Is Moynihan the Right CEO for Bank of America?
By John Maxfield – Feb 22, 2013 at 3:44PM
NYSE: BAC
Bank of America
Market Cap
$390B
Today's Change
(0.41%) $0.22
Current Price
$53.42
Price as of November 10, 2025 at 4:00 PM ET
Is Brian Moynihan the man to keep Bank of America on track?
About the Author
I write about banks, trying my best to balance the good and the bad.