The 100-plus companies that signed a statement supporting voter rights and against bills that would restrict access emphasized this point. One of the Bank Executives Targeted By Bernie Sanders. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Lets talk about diversity and inclusion. ", "Bank of America Continues to Ignore Market View of Risk", "BofA CEO Brian Moynihan 'Incensed' People Don't Recognize 'How Much Good' His Employees Do", "Brian Moynihan: We Didn't Think BofA Customers Would Be Ticked Off With The $5 Debit Card Fee", "BofA Debit Fee Plan Led to 20% Jump in Closed Accounts", "No Matter What Brian Moynihan Says, People Are Still Calling For Bank Of America's Break-Up", "Bank of America's Brian T. Moynihan Named Chief Executive Magazine's 2020 CEO of the Year", Bank of America CEO Brian Moynihan sees big pay increase, Bank of America CEO ranks high for corporate jet use, Bank of Americas Moynihan defends his Boston residency, "BofA Chief Moynihan Faces Shareholder Ire as Protests Swirl", https://en.wikipedia.org/w/index.php?title=Brian_Moynihan&oldid=1145773601, This page was last edited on 20 March 2023, at 22:30. Brian Moynihan is both the Chairman and the CEO of Bank of America. It is old enough that no one is sure of its meaning, but the most popular line of speculation is that it means something along the lines high, noble, or exalted. Brian is a very popular name in Ireland, not least because of the celebrated Brian Boru. POLITICO Q&A: Bank of America CEO Brian Moynihan, Insider Q&A: Brian Moynihan, CEO of Bank of America, Bank of Americas CEO has a message for governments on carbon markets: Give us a price, Why Financing the Multi-Trillion-Dollar Transition to Net Zero Isnt That Hard. Once popular opinion hit the halfway point, however, a lot more companies including ones led by conservative CEOs begin speaking out in favor. She quoted him as saying: "We struck a chord with customers that no one anticipated. The issue is also the diversity of purchasing power. 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. They also found that having a female CEO was associated with increased transparency. While I believe CEOs are partly responsible for the growing business-GOP divide, its not the only factor driving it. Assistant Professor of Management, Indiana University. And in recent years, CEOs of some of the largest U.S. companies have cited their own personal values as their reason for speaking out on social issues. Considering the trust issues that were running rampant in the wake of the Great Recession, it is no wonder that a lot of traders called Moynihans credibility into question, though that has been remedied to some extent. He Quietly Turned Bank of America Around. Brian Moynihan was born on October 19, 1959, in Marietta, Ohio, USA. This transcript has been edited for length and clarity. On the voting laws, a recent poll found that most people favor legislation that makes it easier to vote, not harder. Travelers Aid Society Ultimately, if theyre facing a business challenge that they havent faced the past, who better educate them than their bank for 30 years, saying heres whats coming, heres how to think about it? Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. As a millionaire CEO in charge of an environment he claims perpetuates a racial and social justice crisis, Scott asserted that Moynihan is the greatest white supremacist and systemic racist at BOA, and one of the greatest in the world., Is he advancing justice by redistributing his massive wealth and power? Scott asked. Ive been asked if Im a capitalist at congressional hearings and things like that. Employees also play an important role driving corporate activism. [14], On December 27, 2011, Julia LaRoche wrote in Business Insider that Moynihan "admitted the proposed $5 monthly fee for debit card users wasn't the best idea". Moynihan comes from Muimhneachin, which means a male individual who had a Munsterman for an ancestor at some point in his family tree. As a result, he acquired both expertise and experience in a number of positions at a number of banks, which enabled him to climb higher and higher on the corporate hierarchy. In my own research, which tracked companies' engagement on same-sex marriage issues in the 2000s and 2010s, I found that the likelihood of CEOs speaking out on same-sex marriage significantly increased when there were more employees who donated to Democrats -- which was true even when the CEO leaned conservative. He attended Brown University and graduated from there in 1981. The binary decision of invest-not invest, lend-not lend, do business with or not do business with that doesnt change the behavior of those companies. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content.

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