If he didn't realize that having two titles would raise strong issues we may have to question his abilities. Didn't he know that the stock holders voted against this several years ago? He should also question the BOD's for giving him the two Corporate leadership titles.By their actions they are telling the owners of the company (stock holders) you figure it out. If Moynihan was interested in the well being of this Corporation he would stop this Charade and get back to work.
Do you think the people running this show cut their salary by 45%? I don't think so. It appears that the small accounting error was not so small if div. is cut 45%. I would like to hear more details to know what previous management did and compare what has been done by new management. This looks like Wall Street business as usual where investors are hurt and the suit boys running the show are making millions. Snake oil salesmen!
The Bank has turned around and all are not happy with CEO regardless other Top executives are good bankers and the CEO has learned to listen to their expertise. The stock will be $19.00+ by year end. Mark your calendar.the huge problems are behind them and moving forward BAC will do well. Increase in rates by 1/4 of a percent soon will add to income. DD.