Allison Southwick interviews Fool contributor John Maxfield and asks him the $12 million question: does Bank of America's (BAC 1.94%) 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.
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