Despite the fact that Bank of America lost 58 percent of its value in 2011, its CEO received a compensation package worth $7.5 million. That's a six fold increase from the year before. The AP reports that under Brian Moynihan, Bank of America also lost its title as the No. 1 bank by assets to JPMorgan Chase.
Originally published on Wed March 28, 2012 2:26 pm
A special prosecutor who spent two years exploring Justice Department misconduct in the botched case against late Sen. Ted Stevens (R-Alaska) said "contest living" — the desire to win a big case — explained the failure to follow the rules in one of the biggest political corruption prosecutions in decades.
"[Lawyers] do not want to have to undermine our case if it can possibly be avoided," investigator Hank Schuelke told the Senate Judiciary Committee Wednesday. "That motive to win the case was the principal operative motive."