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Bank of America to award $1B in stock to nearly all employees through Sharing Success Program

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5 days ago

Bank of America (BofA) announced Tuesday it will award $1 billion in stock to non-executive employees through its Sharing Success Program, equating to nearly 19 million shares of BofA stock.Bank of America CEO Brian Moynihan said the program makes employees feel like partial "owners" of the company during an interview with "Mornings with Maria" on Tuesday at the World Economic Forum in Davos, Switzerland."Our Shares for Success program goes to 96% of employees. It doesn't go to executive management. It's a grant to all of them," he said.BANK OF AMERICA CEO CAUTIONS OVER MIDDLE CLASS FEELING TH...

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