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Bank of America boosts CEO Brian Moynihan's pay 15% to $26.5 million after record profit last year

Bank of America boosts CEO Brian Moynihan's pay 15% to $26.5 million after record profit last year

Finance
Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year. Moynihan's compensation rose to $ 26.5 million from $ 23 million in 2017, according to a regulatory filing Friday. That includes a $ 1.5 million salary and $ 25 million in stock units, some of which are performance-based. Bank of America, the second biggest U.S. lender after J.P. Morgan Chase, benefited last year from the corporate tax cut, rising interest rates and Moynihan's efforts to cut costs. The bank generated $ 28.1 billion in profits in 2018, 54 percent more than...
Former Intel boss Brian Krzanich to lead CDK Global

Former Intel boss Brian Krzanich to lead CDK Global

Technology
The former CEO of Intel is being named as the top executive at CDK Global, a company that provides technology to auto dealers. Brian Krzanich resigned from Intel in June after the company learned that he had carried on a consensual relationship with an employee. He had held the top job at the tech company for just over five years. He joined Intel Corp. in 1982 as an engineer. Companies have become more diligent about enforcing rules governing intercompany relationships in the #MeToo-era. Krzanich, 58, replaces Brian MacDonald at CDK Global, which has annual revenue of about $ 2 billion. Based outside of Chicago in Hoffman Estates, Illinois, CDK provides technology and marketing services to auto dealers in more than 100 countries. It serves about 30,000 retailers and most automotive manuf...
Brian Cushing: Houston Texans LB returns from suspension

Brian Cushing: Houston Texans LB returns from suspension

Sports
HOUSTON -- Houston Texans inside linebacker Brian Cushing returned to NRG Stadium on Tuesday as his 10-game suspension for violating the NFL performance-enhancing drug policy ended. NFL commissioner Roger Goodell officially reinstated Cushing from his suspension. The Texans were granted a one-week roster exemption that expires Dec. 4. He can be activated at any time. Whether he will return to play this week is still being determined. The former Pro-Bowl selection and NFL Defensive Rookie of the Year is in outstanding shape and fully healthy, according to a league source. Cushing met with Texans head coach Bill O'Brien on Tuesday. O'Brien suggested that the Texans are in no rush to get Cushing back on the field and will evaluate his conditioning levels and readiness to play again. "He's bee...