What is Tom Montag salary?
Mr. Montag, 64, is the second-most-powerful person at Bank of America after Brian Moynihan, the chief executive and, at $19 million in compensation last year, the second-best paid.
What did Bank of America get in trouble for?
Bank of America exec arrested for bribery. Feds say banker ran kickback scheme. A former New York-based Bank of America executive received tens of thousands of dollars at a time in cash bribes, federal prosecutors say, in exchange for fraudulently helping a New Jersey firm get a line of credit at the bank.
Who is Bank of America coo?
Thomas K. Montag
Thomas K. Montag is chief operating officer of Bank of America, president of Global Banking and Markets, and a member of the company’s executive management team.
Is Tom Montag married?
Tom Montag is married to Janet Montag. They have three children: Jean, Jeff and Melanie.
How much is Montag’s yearly pay?
Executive Compensation Of this total $1,250,000 was received as a salary, $7,100,000 was received as a bonus, $0 was received in stock options, $10,522,429 was awarded as stock and $20,000 came from other types of compensation.
Is Bank of America losing customers?
The bank went from having 12% primary relationship share of Gen Zers in October 2020 to 9% share in July 2020, a loss of nearly 870,000 consumers. Community banks. The drop reflects a loss of about 1.66 million consumers.
Why did Bank of America give info to FBI?
Bank of America’s U.S. consumer privacy notice explains to customers that information may be shared with law enforcement, noting that it tracks the “account balances, transaction history and credit information” of its users and that it can share such information in order to “respond to court orders and legal …
Who is the CEO of BOA?
Brian Moynihan
Bank of America/CEO
Bank of America made sweeping changes to the company’s leadership Friday that elevated several executives, including three women, to senior jobs and all but guaranteed that Brian Moynihan, the chief executive, would remain at the helm of the nation’s second-largest bank for years to come.
What is Cathy Bessant salary?
As the Non-Executive Independent Director of Zurich Insurance AG, the total compensation of Catherine Bessant at Zurich Insurance AG is $300,000.
When did Tom Montag join Bank of America?
Montag was considered the obvious candidate to replace Moynihan should circumstances require it. He joined Bank of America in 2008 through its acquisition of Merrill Lynch during the financial crisis, but had spent the bulk of his career as a Goldman Sachs trading executive.
Who is the CEO of Bank of America?
Thomas K. Montag is chief operating officer of Bank of America, president of Global Banking and Markets, and a member of the company’s executive management team.
What did Thomas Montag do at Goldman Sachs?
Earlier in his career, Montag ran the firm’s global derivatives business. He was named a partner at Goldman Sachs in 1994 and managing director in 1996. Montag serves on the board of directors of NYU Langone Medical Center and the Japan Society.
Who is the No 2 executive at Bank of America?
Created for Thomas K. Montag, the bank’s No. 2 executive, the spreadsheet, as described by two people with knowledge of it and according to images reviewed by The New York Times, listed markets employees in descending order of their profitability each day, with those working from the office on one side and those working from home on the other.