Allison Southwick interviews Fool contributor John Maxfield and asks him the $12 million question: does Bank of America's (NYSE:BAC) 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.
John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.