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Skimpy-to-no cash bonuses for most Bank of Amer bankers

Started by hrdnitlr
about 16 years ago
Posts: 149
Member since: Jun 2007
Discussion about
Hard to use restricted stock for a down payment. (One of the comments on this first blog item notes that it usually can't be borrowed against, either, if it reverts to the company if the employee leaves.) http://www.businessinsider.com/bank-of-america-bonus-scheme-2010-1 http://www.businessweek.com/news/2010-01-13/bank-of-america-said-to-reduce-cash-component-of-bonuses-to-15-.html http://dealbreaker.com/2010/01/bonus-watch-10-bank-of-america-1.php
Response by hrdnitlr
about 16 years ago
Posts: 149
Member since: Jun 2007

Sorry - it's the third link above where the comments talk about restricted stock.

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Response by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009

Harder to use it if there is a clawback, too...

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