Thread regarding Bank of America layoffs

Bank of America CEO Brian Moynihan’s 2017 compensation was 250 times more than the total pay of the bank’s median employee, according to the company’s proxy filing. Public companies such as Charlotte-based Bank of America for the first time are disclosing the ratio of their CEO’s pay to the median employee. The requirement, stemming from the 2010 Dodd-Frank Act, aims to give investors more information about pay practices. Mr. Moynihan received total compensation of $21.8 million in 2017, which includes stock awards and health insurance benefits. That compared with $87,115 for the median employee