Operator
Good day, everyone, and welcome to the Bank of America first-quarter earnings announcement. [Operator instructions] Please note today s call is being recorded. And it is now my pleasure to turn the conference over to Lee McEntire. Please go ahead.
Lee McEntire
Senior Vice President, Investor Relations
Good morning. Thank you for joining the call to review our first-quarter results. Hopefully, you ve all had a chance to review our earnings release documents. As usual, they re available, including the earnings presentation that we ll be referring to during the call on the new and improved investor relations section of the bankofamerica.com website.
Anger is building in the senior ranks at Bank of America after the company waived an unpopular new bonus policy for top traders and dealmakers while keeping the plan in place for other employees.
Bank of America banker revolt spurs retreat on bonus plan for veteran staff americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Submitted by BlueNC on
Wed, 01/13/2021 - 08:40
BANK OF AMERICA IS LEADING THE CHARGE TO DEFUND NC GOP CANDIDATES: Bank of America is halting all political action committee donations for the immediate future, according to a memo to contributors to the Charlotte-based bank’s PAC. “For upcoming elections, we will take into account the appalling events of January 6 before making any PAC decisions regarding those members,” the memo said. The bank’s PAC donated $9,000 to Budd and $3,500 to Rouzer in the 2020 election cycle. Tom Montag, the chief operating officer of Bank of America, is a GOP megadonor.
Montag gave $641,889 to conservative political causes in the 2020 election cycle, including to Republican members of Congress who objected to the certification of the Electoral College on Jan. 6. Additionally, Bank of America was the top donor to the 2020 Republican National Convention, part of which was held in Charlotte. The bank gave $5.3 million to the host committee for the
Major NC companies financed GOP for years. Things could change after Capitol riot. Austin Weinstein, The Charlotte Observer
Jan. 13 After years of sending hundreds of thousands of dollars to the campaigns of conservative Republican candidates, some of North Carolina s largest corporations are reconsidering the practice after a mob stormed the U.S. Capitol on Jan. 6, encouraged by President Donald Trump and some of his supporters in Congress.
The storming of the Capitol was apparently a breaking point for many corporations. For years, most of corporate America benefited from the low-tax, low-regulation policies that conservatives pursued.
This story is a subscriber exclusive